KR Jul 2020 29.000 put

OPR - OPR Delayed Price. Currency in USD
2.3900
0.0000 (0.00%)
At close: 12:25PM EST
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Previous Close2.3900
Open2.3900
Bid2.2600
Ask2.3400
Strike29.00
Expire Date2020-07-17
Day's Range2.3900 - 2.3900
Contract RangeN/A
Volume1
Open Interest14
  • Kroger stock soars after Buffett’s investment
    American City Business Journals

    Kroger stock soars after Buffett’s investment

    Kroger Co.’s stock soared in after-hours trading Friday following the disclosure that Warren Buffett’s Berkshire Hathaway conglomerate has made a huge investment in the supermarket giant’s stock.

  • Warren Buffett Buys Kroger, Biogen in 4th Quarter
    GuruFocus.com

    Warren Buffett Buys Kroger, Biogen in 4th Quarter

    Guru also opens positions in 2 ETFs Continue reading...

  • Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes
    Reuters

    Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

    In a regulatory filing detailing its U.S.-listed investments as of Dec. 31, Berkshire also said it took a new 648,000 share stake in drugmaker Biogen Inc worth $192.4 million, and significantly reduced its stakes in two major banks, Wells Fargo & Co and Goldman Sachs Group Inc. Berkshire has sold more than 86 million shares, or 21%, of its Wells Fargo stake since June 30, as the bank tries to restore its reputation following scandals over its mistreatment of customers. Berkshire began investing in Wells Fargo in 1989.

  • Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb
    Bloomberg

    Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb

    (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019.Berkshire’s Kroger investment, which totaled $549 million at the end of the year, was disclosed more than a year after Buffett’s conglomerate sold off its stake in retailing giant Walmart Inc. The company also built a $192 million stake in Biogen while trimming its stakes in Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Friday.Kroger shares surged in late trading, with the stock up 5.6% to $29.81 at 4:59 p.m. in New York. Buffett’s company is wagering on a business that’s trying to navigate a shifting retail landscape, with challenges from online grocery companies and discounters including Walmart, a company that Berkshire eventually exited in 2018.Biogen stock also climbed, rising 1.6% to $338.40 after Berkshire disclosed its holding. The Omaha, Nebraska-based conglomerate hasn’t historically been a big investor in the biotechnology industry, although the company already owns a stake in pharmaceutical company Teva Pharmaceutical Industries Ltd.Both the Biogen and Kroger stakes are small in comparison with some of Berkshire’s biggest bets. The company’s Apple Inc. holding, which was cut 1.5% in the fourth quarter, was valued at $72 billion at the end of the year.Buffett’s company has been trimming its stakes in some major lenders to try to avoid crossing a 10% ownership threshold that often draws regulatory scrutiny. He was closer to that level with Wells Fargo and Bank of America, but holds a stake of only about 3.4% in Goldman Sachs.Here’s some other key takeaways from Berkshire’s 13F:Berkshire disclosed two new exchange-traded fund holdings, in Vanguard S&P 500 ETF and SPDR S&P 500 ETF Trust. The bets were small investments, totaling $25 million across both.Buffett’s company ramped up its bet on Occidental Petroleum Corp., bringing that investment to $780 million. Berkshire also owns preferred stock in the oil producer, which Buffett obtained as part of a deal to help Occidental in its pursuit of Anadarko Petroleum Corp.Berkshire also increased its stakes in furnishings retailer RH, Suncor Energy Inc. and General Motors Co.For more on Hedge Funds Fourth-Quarter Investments in 13F Filings, click here for our TOPLive blog.(Updates with more information on bank investments starting in second paragraph, Kroger and Biogen shares starting in third paragraph.)To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Daniel Taub, Lananh NguyenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Warren Buffett’s Berkshire Hathaway Bought Biogen, Kroger, Occidental Stock

    Buffett’s firm also disclosed that it sold most of its investment in insurer Travelers in the fourth quarter.

  • MarketWatch

    Berkshire Hathaway starts position in Biogen, Kroger while trimming Travelers

    Warren Buffett's Berkshire Hathaway Inc. started new stakes in Biogen Inc. and Kroger Co. while increasing its stake in Kraft Heinz Co. , the company disclosed late Friday in a Securities and Exchange Commission filing. Berkshire reported a stake of about 648,000 shares of Biogen and 549,000 shares of Kroger that were not listed in last quarter's filing. Kroger shares rose 6% after hours, while Biogen shares advanced 2%. Also, Berkshire increased its stake in Kraft to about 10.5 million shares from 9.1 million in the previous quarter. Berkshire cut its stake in Travelers Cos. to about 312,000 shares from a previous stake of nearly 6 million shares.

  • Warren Buffett's Berkshire adds Kroger stock, scales back on Wells Fargo, Goldman and BofA
    Yahoo Finance

    Warren Buffett's Berkshire adds Kroger stock, scales back on Wells Fargo, Goldman and BofA

    Warren Buffett's holding company has added a familiar name, and scaled back on a few others.

  • ACCESSWIRE

    Kroger Precision Marketing Challenges Media Industry with Transparent Sales Attribution Powered by Microsoft

    New Feature Allows Brands and Media Agencies to View Full Sales Impact of Ad Spend CINCINNATI, OH / ACCESSWIRE / February 13, 2020 / The Kroger Co.'s (NYSE:KR) media advertising business, Kroger Precision ...

  • PepsiCo reports solid quarterly earnings, issues mixed outlook
    Yahoo Finance

    PepsiCo reports solid quarterly earnings, issues mixed outlook

    Here's what you need to know from PepsiCo's latest earnings report.

  • Food giant Kellogg's unveils ‘Incogmeato' plant-based products
    Yahoo Finance

    Food giant Kellogg's unveils ‘Incogmeato' plant-based products

    Kellogg's Incogmeato plant-based meat products look to take on Beyond Meat.

  • Kroger plans 'major remodel' of East Side store
    American City Business Journals

    Kroger plans 'major remodel' of East Side store

    Kroger Co. is remodeling a prominent East Side store. Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, notified customers last week in a letter that it will begin the massive remodeling project at its Hyde Park store this month. Kroger calls the change a “major remodel.” It will start by integrating its pharmacy and its Little Clinic to create a Health and Wellness area.

  • Kroger promotes Cincinnati-based executive
    American City Business Journals

    Kroger promotes Cincinnati-based executive

    Kroger Co. (NYSE: KR) has promoted one of its Cincinnati-based executives. Keith Dailey, vice president of corporate affairs, has been promoted to group vice president of corporate affairs. Dailey, 39, has nearly 20 years of public affairs experience, including a decade in electoral politics and government.

  • A Bet on How Future Groceries Will Be Bagged
    Bloomberg

    A Bet on How Future Groceries Will Be Bagged

    (Bloomberg Opinion) -- Ocado Group Plc, the British online grocer that’s morphed into a technology company, has always been a jam tomorrow stock. Now it’s asking shareholders to wait not just for the jam but the full afternoon tea.The specialist in automating how supermarket orders are filled on Tuesday announced that its 2019 pre-tax loss jumped to 214.5 million pounds ($277 million), from a loss of 44.4 million pounds a year earlier. Part of this was due to a damaging fire at its Andover warehouse almost exactly a year ago, which was unfortunate but Ocado has coped well with the disruption.What’s more worrying for investors is the impact of investment in its burgeoning international division, which has been striking deals to operate the online grocery businesses of chains from the U.S. to France and Japan. While that’s a credit to Chief Executive Officer Tim Steiner, who has been knocking on retailers’ doors for the the past five years, it means Ocado has an awful lot to do — and pay for. Ocado’s international technology arm could be more lucrative in the future, but for now, it’s a drain on capital. Consequently, Ocado said expenditure would more than double this year to 600 million pounds. Take away the impact of the warehouse fire, and that leaves a balance of just over 500 million pounds for building state-of-the-art warehouses that are fully equipped to pack grocery orders with limited need for humans.The majority of this will be spent on getting its automated warehouses up and running for international customers, including Casino Guichard Perrachon SA in France, Canada’s Sobeys Inc. and the U.S. chain operator Kroger Co. Some of the expenditure will be offset by expected fees from its international clients of more than 100 million pounds, but most of it is a down payment on future income once the systems are fully up and running. That doesn’t leave much scope for any unexpected hiccups in the meantime.Until those warehouses are open, Ocado cannot recognize the international revenue, but it must incur the costs. That showed in its 2019 results. Ocado invoiced fees of 81.4 million pounds to its international partners, an increase of almost 40%. But revenue from this arm was less than 1 million pounds, while it made a loss before interest, tax, depreciation and amortization of 62.1 million pounds. For this year, Ocado forecasts international revenue of less than 10 million pounds. Warehouses for Casino and Sobeys will be open for only part of the period. In the meantime, Ocado must continue its heavy spending. It had 751 million pounds in the bank at the year end, thanks to its deal to sell half of its U.K. retail business to Marks & Spencer Group Plc. It also raised 600 million pounds through a convertible bond issue after the year end. The company says this gives it plenty of headroom. But with such an investment burden over the next few years — it has also signed a deal with Aeon Co. in Japan — further calls on shareholders can’t be ruled out.And let’s not forget challenges closer to home. In September, M&S will replace Waitrose as Ocado’s supplier for its U.K. online supermarket, a massive changeover with huge execution risk.For now, investors appear confident that once the different warehouses are operational the fees will start to flow into profit and cash flow. The shares have risen by a third in the past year. Ocado’s enterprise value is currently just over 4 times forward sales, even ahead of Amazon.com Inc., on just over 3 times.This looks divorced from the reality of both Ocado’s spending needs, and the long haul to generate a return on its investment.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Kroger Names Keith G. Dailey Group Vice President of Corporate Affairs
    PR Newswire

    Kroger Names Keith G. Dailey Group Vice President of Corporate Affairs

    The Kroger Co. (NYSE: KR) today announced Keith G. Dailey, Kroger's vice president of corporate affairs, has been promoted to serve as group vice president of corporate affairs.

  • These Stocks Appear Undervalued
    GuruFocus.com

    These Stocks Appear Undervalued

    Tyson Foods tops the list Continue reading...

  • Goodbye grocers: Supermarket chains exit Central Florida, cut nearly 1,000 jobs
    American City Business Journals

    Goodbye grocers: Supermarket chains exit Central Florida, cut nearly 1,000 jobs

    The closures demonstrate the ultra-competitive environment for stores in the area despite a favorable economy and the region's growing population.

  • Reuters

    U.S. allows SoftBank-backed Nuro to deploy driverless delivery vehicles

    A U.S. safety regulator said on Thursday it has allowed SoftBank Group-backed autonomous vehicle startup Nuro Inc to temporarily deploy up to 5,000 low-speed electric delivery vehicles without human controls like mirrors and steering wheels. The National Highway Traffic Safety Administration's (NHTSA) approval of a petition by Nuro will allow the privately held robotics company to deploy the "R2," a delivery vehicle designed to have no human occupants and operate exclusively with an automated driving system. Automakers must currently meet nearly 75 auto safety standards, many of which were written decades ago with the assumption that a licensed driver would be in control of the vehicle.

  • Kohl's adds Kroger's digital strategy leader to its board of directors
    American City Business Journals

    Kohl's adds Kroger's digital strategy leader to its board of directors

    Yael Cosset heads Kroger’s technology function and its digital strategy, which includes a partnership with British online grocery retailer Ocado to build large automated fulfillment warehouses across the country, including one in Pleasant Prairie.

  • Kroger CIO joins another retailer’s board
    American City Business Journals

    Kroger CIO joins another retailer’s board

    A Kroger Co. executive is taking on another role in the retail world. Kroger senior vice president and chief information officer Yael Cosset has been appointed to the Kohl’s Corp. (NYSE KSS) board. “Yael is a seasoned executive leader who brings technology and digital expertise with notable retail and consumer brands,” Kohl’s chairman Frank Sica said in a statement.

  • Why Kroger Could Deliver Stock Price Growth
    GuruFocus.com

    Why Kroger Could Deliver Stock Price Growth

    The company’s strategy may boost its financial performance Continue reading...

  • Veteran of Kroger, P&G hired as CEO of consumer goods firm
    American City Business Journals

    Veteran of Kroger, P&G hired as CEO of consumer goods firm

    A 24-year career at Procter & Gamble preceded his role over the last five years as senior vice president with nation's largest supermarket chain.

  • Kroger Named Top Corporation for Women-Owned Businesses
    PR Newswire

    Kroger Named Top Corporation for Women-Owned Businesses

    For the sixth consecutive year, The Kroger Co. (NYSE: KR) has been named one of America's Top Corporations for Women's Business Enterprises by the Women's Business Enterprise National Council (WBENC).

  • Verbification: A Testimony for a Moat
    GuruFocus.com

    Verbification: A Testimony for a Moat

    It is hard but rewarding for a brand to verb up Continue reading...