에 대한 최신 뉴스 Kroger (NYSE:KR) 주식

Kroger

Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its own food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.

News

Legal

Movers

화요일(10일) 크로거(NYSE:KR) 주가는 미국 판사가 앨버트슨(Albertsons Companies Inc)과의 합병을 금지했다는 보도가 나온 후 상승 마감했다. 

크로거, 앨버트슨과 합병이 법원 판결로 중단된 후 5%

Earnings

Pre-Market Outlook

Markets

Trading Ideas

DOOO

KIRK

CNN 머니 공포·탐욕 지수가 전체 시장 정서의 하락을 나타냈지만, 목요일에도 여전히 &#34;탐욕&#34; 영역에 머물러 있었다.목요일(5일) 미국 증시는 11월 고용보고서를 앞두고 하락세를 보였다. 다우존스 지수는 세션 중 200포인트 이상 하락했다. 모든 주요 지수가 수요일에 사상 최고가로 마감하면서 강한 상승세를 기록한 이후였다.

다우 지수 숨고르기, 고용보고서 앞두고 200p 하락: 공포 지수는 &#39;탐욕&#39; 영역

LULU

MRVL

CNN 머니 공포·탐욕 지수는 전체 시장 심리의 일부 개선을 보여주었다. 수요일(4일)에는 지수가 &#34;탐욕&#34; 영역에 머물렀다.수요일 미국 증시는 상승 마감했고, 다우존스 지수는 사상 처음으로 45,000포인트를 돌파 마감했다. 

다우 지수 사상 첫 45,000p 돌파, 투자 심리 호전 속 &#39;탐욕&#39; 지수 상승

The Kroger Co

KraneShares Global Carbon Strategy ETF

KIROMIC BIOPHARMA INC by Kiromic BioPharma, Inc.

Kiromic BioPharma Inc

Kilroy Realty Corp

King River Resources Ltd

Kardex Holding AG

SPDR S&P Regional Banking ETF

KonaRed Corp

KKR Real Estate Finance Trust Inc. Common Stock

KKR Real Estate Finance Trust Inc

KKR Real Estate Finance Trust Inc. 6.50% Series A Cumulative Redeemable Preferred Stock

Keppel REIT

KING RESOURCES INC by King Resources, Inc.

King Resources Inc

Kite Realty Group Trust

KESORAM INDUS LTD S/GDR by Kesoram Industries, Ltd.

Kesoram Industries Ltd

KR INVT LTD by KR INVT LTD.

The Keg Royalties Income Fund

KRKA DD by KRKA DD

Kruk SA

KRAKEN ROBOTICS INC by Kraken Robotics Inc.

Kraken Robotics Inc

36Kr Holdings Inc. - American Depositary Shares

36KR Holdings Inc

Kryll - United States dollar

South Pacific Metals Corp Ordinary Shares

KARNALYTE RESOURCES INC by Karnalyte Resources, Inc.

Karnalyte Resources Inc

Global X Conscious Companies ETF

KRM22 PLC

KORU Medical Systems, Inc. - Common Stock

KORU Medical Systems Inc

Kromek Group PLC

KINGROSE MINING LTD by KINGROSE MINING LTD.

Kingsrose Mining Ltd

KURIMOTO LTD by KURIMOTO LTD

Karoon Energy Ltd

KAROON GAS AUSTLA UNS/ADR by KAROON ENERGY LTD.

Kernel Group Holdings Inc Ordinary Shares - Class A

Kernel Group Holdings Inc

Kernel Group Holdings Inc Units (1 Ord Class A & 1/2 War)

Kernel Group Holdings Inc Warrants (02/02/2026)

Clariane SE

Krones AG

Kornit Digital Ltd

Kearny Financial Corp

Kronos Worldwide Inc

KR1 PLC

Kromatika

Kronos Bio Inc

Global X AgTech & Food Innovation ETF

Keros Therapeutics Inc

Kimbell Royalty Partners Common Units Representing Limited Partner Interests

Kimbell Royalty Partners LP

Karora Resources Inc

Korro Bio Inc

KERRY LOGISTICS NTWK ORD by Kerry Logistics Network Ltd

Kerry Logistics Network Ltd

KROSAKI HARIMA CORP by KROSAKI HARIMA CORP.

KARSAN OTOMOTIV SNAYII by KARSAN OTOMOTIV SANAYII VE TICARET AS

Karsan Otomotiv Sanayii Ve Ticaret AS

Karat Packaging Inc

TerraKRW

KRTL HOLDING GROUP INC by KRTL Holding Group, Inc

KRTL Holding Group Inc

KARUNA THERAPEUTICS INC COM

Kura Sushi USA, Inc. - Class A Common Stock

Kura Sushi USA Inc

Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF

Kerry Group PLC

KERRY PROPERTIES HK by Kerry Properties Ltd.

Kerry Properties Ltd

KERRY PROPERTIES UNSP/ADR by Kerry Properties Ltd.

Krystal Biotech Inc

Koryx Copper Inc

B of A Securities analyst Robert Ohmes maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Buy and raises the price target from $70 to $75.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Kroger, Raises Price Target to $75

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) shares are relatively unchanged in the premarket session on Friday.
The grocery giant has entered into Accelerated Share Repurchase agreements with Wells Fargo Bank and Citibank to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42605891/kroger-announces-agreements-for-5-0b-accelerated-share-repurchase-program" rel="noreferrer noopener">repurchase a total of $5.0 billion in shares of its common stock.</a>
This buyback is part of Kroger&#8217;s broader $7.5 billion share repurchase authorization.
Related: <a target="_blank" href="https://www.benzinga.com//node/42456428" rel="noreferrer noopener">Kroger&#8217;s $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns After Albertsons Pivot</a>
Under the terms of the ASR agreements, Kroger will pay $5.0 billion to the dealers and expects to receive an initial delivery of approximately 65.6 million shares on December 20, 2024. This represents about 80% of the total shares that could be purchased with the $5.0 billion, based on the closing price of Kroger shares on December 19, 2024.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42611748/us-stocks-to-open-lower-as-traders-brace-for-triple-witching-hour-analyst-says-end-of-the-year-recovery-would-not-surprise-anyone" rel="noreferrer noopener">US Stocks To Open Lower As Traders Brace For ‘Triple Witching' Hour: Analyst Says End Of The Year Recovery ‘Would Not Surprise Anyone'</a>
The final number of shares repurchased will depend on the volume-weighted average prices of Kroger&#8217;s stock during the repurchase period, with adjustments as per the ASR agreements.
Kroger has also noted that, in addition to the share repurchase program, it has $2.5 billion in capacity remaining under its share repurchase authorization, giving the company flexibility for future repurchases.
The final settlement for the agreements is expected by the third fiscal quarter of Kroger&#8217;s fiscal 2025.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, KR stock has gained over 35% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco Food &amp; Beverage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>).
Price Action: KR shares are trading higher by 0.07% to $61.00 premarket at last check Friday.
Photo by Kevin Chen Images via Shutterstock.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42610958/expecting-up-to-four-fed-rate-cuts-in-2025-says-this-analyst-despite-hawkish-powell-saying-it-was-close-on-the-decision-to-cut-or-not-heres-why" target="_blank" rel="noreferrer noopener">Hawkish Powell Aside, This Analyst Expects 4 Fed Rate Cuts In 2025: Here&#8217;s Why</a></li>
</ul>

Equities

Buybacks

General

Kroger Launches $5 Billion Accelerated Share Repurchase: Details

The ASR agreements will be completed under Kroger's recently announced $7.5 billion share repurchase authorization. Kroger is funding the share repurchases under the ASR agreements with existing cash on hand.

Kroger Enters Agreements For $5.0B Accelerated Share Repurchase Program

Guggenheim analyst John Heinbockel initiates coverage on Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Buy rating and announces Price Target of $68.

Initiation

Guggenheim Initiates Coverage On Kroger with Buy Rating, Announces Price Target of $68

Kroger's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) short percent of float has risen 25.38% since its last report. The company recently reported that it has 10.37 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kroger Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734357619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kroger has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kroger's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kroger's peer group average for short interest as a percentage of float is 6.84%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Kroger's Recent Short Interest

WIIM

Kroger shares are trading higher after the company announced a new $7.5 billion share repurchase program as well as plans to reduce prices.

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) following a preliminary injunction by the U.S. District <a href="https://www.benzinga.com/24/12/42456428/kroger-and-albertsons-call-off-merger-plans-75-billion-share-buyback-cancels-47-billion-merger-debt">Court in Oregon</a>.
Kroger's Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022.
The company plans to execute an accelerated share repurchase (ASR) agreement for about $5 billion of common stock. Kroger anticipates strong free cash flow and remains focused on capital allocation priorities. Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024.
Kroger shares gained 3.1% to trade at $63.20 on Thursday.
These analysts made changes to their price targets on Kroger following the announcement.
<ul>
<li>Wells Fargo analyst Edward Kelly maintained Kroger with an Overweight and raised the price target from $70 to $73.</li>
<li>BMO Capital analyst Kelly Bania maintained the stock with a Market Perform and raised the price target from $60 to $63.</li>
<li>UBS analyst Michael Lasser maintained Kroger with a Neutral and raised the price target from $63 to $66. </li>
</ul>
Considering buying KR stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="572" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-1024x572.png" alt="" class="wp-image-690044" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-1024x572.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12131735/image-106.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42460676/jim-cramer-amd-ceo-lisa-su-built-an-amazing-company">Jim Cramer Says This CEO &#8216;Built An Amazing Company,&#8217; Recommends Buying Netflix</a></li>
</ul>

These Analysts Boost Their Forecasts On Kroger

UBS analyst Michael Lasser maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Neutral and raises the price target from $63 to $66.

UBS Maintains Neutral on Kroger, Raises Price Target to $66

BMO Capital analyst Kelly Bania maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Market Perform and raises the price target from $60 to $63.

BMO Capital Maintains Market Perform on Kroger, Raises Price Target to $63

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Deutsche Bank increased the price target for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from $179 to $184. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. PepsiCo shares closed at $156.77 on Wednesday. See how other analysts view this stock.</li>
<li>Wells Fargo raised the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $70 to $73. Wells Fargo analyst Edward Kelly maintained an Overweight rating. Kroger shares closed at $61.33 on Wednesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) from $153 to $175. Oppenheimer analyst Chris Kotowski maintained an Outperform rating. KKR shares closed at $157.39 on Wednesday. <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lowe&#8217;s Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) price target from $282 to $305. Mizuho analyst David Bellinger maintained an Outperform rating. Lowe&#8217;s shares settled at $267.90 on Wednesday. <a href="https://www.benzinga.com/quote/LO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) price target from $700 to $650. Jefferies analyst Brent Thill maintained a Buy rating. Adobe shares closed at $549.93 on Wednesday. <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Roth MKM raised United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) price target from $20 to $26. Roth MKM analyst Bill Kirk maintained a Neutral rating. United Natural Foods shares closed at $28.08 on Wednesday.  <a href="https://www.benzinga.com/quote/UNFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) price target from $39 to $36. Stifel analyst Mark Kelley maintained a Hold rating on the stock. Match Group shares closed at $61.48 on Wednesday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) from $62 to $56. UBS analyst Curt Woodworth downgraded the stock from Buy to Sell. Commercial Metals shares settled at $61.60 on Wednesday. <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) price target from $37 to $39. Deutsche Bank analyst Steve Powers upgraded the stock from Hold to Buy. Keurig Dr Pepper shares closed at $33.26 on Wednesday. <a href="https://www.benzinga.com/quote/KDP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $409 to $442. Needham analyst Mike Matson maintained a Buy rating. Stryker shares closed at $376.16 on Wednesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-1024x568.png" alt="" class="wp-image-689663" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12101330/image-105.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>

ADBE

MTCH

UNFI

PepsiCo To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Thursday

Wells Fargo analyst Edward Kelly maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Overweight and raises the price target from $70 to $73.

Wells Fargo Maintains Overweight on Kroger, Raises Price Target to $73

Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) shares are trading higher premarket on Thursday. The company disclosed the termination of its merger agreement with Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) following a preliminary injunction <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42448447/kroger-reiterates-its-commitment-to-lower-prices-and-initiates-new-7-5b-share-buyback-program" rel="noreferrer noopener">by the U.S. District Court in Oregon</a>.
U.S. District Judge&nbsp;Adrienne Nelson ruled in favor of the U.S.&nbsp;Federal Trade Commission (FTC) in a decision filed in<a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42424808/kroger-stock-up-after-judge-blocks-albertsons-deal-what-you-need-to-know" rel="noreferrer noopener"> Oregon federal court on Tuesday</a>.
The FTC had argued that the proposed deal violated antitrust laws. The companies submitted a plan to the FTC that included the divestiture of hundreds of stores to C&amp;S Wholesale Grocers in order to maintain appropriate competition in the space.
Nelson on Tuesday found that the divestiture plans wouldn't do enough to replace competition that would be impacted as a result of the deal.
Earlier yesterday, Albertsons announced the termination of its proposed merger with Kroger and filed a lawsuit&nbsp;against the grocery giant, accusing Kroger of violating the contractual obligations of the merger agreement by failing to do all it <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42444582/albertsons-puts-an-end-to-merger-deal-sues-kroger-following-court-ruling-we-believe-strongly-in-the-merits-of-our-case" rel="noreferrer noopener">could to secure regulatory approval</a>.
Later yesterday, Kroger issued a statement that it looks forward to accelerating its flywheel to grow alternative profit businesses and generate increased cash flows.
Rodney McMullen, Kroger&#8217;s Chairman and CEO said, &#8220;The strength of our balance sheet and sustainability of our model allows us to pursue a variety of growth opportunities, including further investment in our store network through new stores and remodels, which will be an important part of our 8 – 11% TSR model over time.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/24/12/42339652/kroger-pauses-buybacks-for-albertsons-merger-q3-sales-miss-estimates-fy24-outlook-narrowed" rel="noreferrer noopener">Warren Buffett&#8217;s Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook</a>
Kroger reiterated its commitment to investing in America to lower grocery prices, higher wages, infrastructure, and community support.
Kroger has invested $5 billion in price reductions since 2003 and $2.4 billion in wage increases since 2018, raising average hourly pay by 38% with benefits.
Additionally, Kroger allocates $3.6 billion to $3.8 billion annually in capital investments to build and remodel stores, enhance food processing facilities, improve the customer experience, and create new job opportunities.
Buyback: Kroger&#8217;s Board approved a new $7.5 billion share repurchase program, replacing the previous $1 billion authorization from September 2022.
The company plans to execute an accelerated share repurchase (ASR) agreement for about $5 billion of common stock. Kroger anticipates strong free cash flow and remains focused on capital allocation priorities.
Following the termination of the merger agreement, Kroger will redeem $4.7 billion in senior notes issued on August 27, 2024.
The notes, which include a special mandatory redemption clause, will be redeemed at 101% of their principal amount, plus accrued interest up to the redemption date.
Investors can gain exposure to the stock via Invesco Food &amp; Beverage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>) and Tidal ETF Trust Newday Ocean Health ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHOY#NYSE">AHOY</a>).
Price Action: KR shares are up 0.99% at $61.33 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42455363" target="_blank" rel="noreferrer noopener">Microsoft Brings iPhone File Sharing To Windows PCs With New Phone Link Update: Here&#8217;s What You Need To Know</a></li>
</ul>
Photo via Shutterstock.

Large Cap

AHOY

Kroger's $7.5 Billion Buyback Blitz: Eyes Lower Grocery Prices And Big Returns After Albertsons Pivot

Offerings

Kroger Announces New $7.5 Billion Share Repurchase Program

In Connection With Termination Of Albertsons Merger Agreement, Kroger Plans To Begin Process Of Redeeming $4.7B Of Its Senior Notes Issued On August 27, 2024

Kroger Expects To Continue To Generate Strong Free Cash Flow And Remains Committed To  Capital Allocation Priorities

Kroger's ongoing investments in America include:
<ul>
<li>$5 billion in lower prices since 2003</li>
<li>$2.4 billion in incremental wage increases on top of industry-leading benefits since 2018, a 38% increase in average hourly rate, while growing opportunities for a largely unionized grocery workforce</li>
<li>$3.6 - $3.8 billion in annual capital investments to build new and remodel stores, food processing and other facilities, improve the customer experience and create additional job opportunities</li>
<li>$2.3 billion to support local communities through charitable giving since 2017, including $1.5 billion to feed hungry families</li>
</ul>

Kroger Reiterates Commitment To Investing In America To Lower Grocery Prices, Raise Associate Wages, And Support Local Communities

Kroger Terminates Its Merger Agreement With Albertsons; Board Authorizes $7.5B Share Repurchase Program Including $5B Accelerated Share Repurchase

Kroger Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) and Albertsons Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) will remain competitors after a U.S. judge blocked the companies&#8217; proposed merger. It didn&#8217;t take long for them to <a href="https://www.benzinga.com/pressreleases/24/12/b42436436/albertsons-files-lawsuit-against-kroger-for-breach-of-merger-agreement">start acting like it again</a>.
What Happened: Albertsons announced the termination of its proposed merger with Kroger and filed a lawsuit against the grocery giant, accusing Kroger of violating the contractual obligations of the merger agreement by failing to do all it could to secure regulatory approval.
&#8220;Rather than fulfill its contractual obligations to ensure that the merger succeeded, Kroger acted in its own financial self-interest, repeatedly providing insufficient divestiture proposals that ignored regulators&#8217; concerns. Kroger&#8217;s self-serving conduct, taken at the expense of Albertsons and the agreed transaction, has harmed Albertsons&#8217; shareholders, associates and consumers,&#8221; said Tom Moriarty, general counsel and chief policy officer of Albertsons.
On Tuesday, U.S. District Judge Adrienne Nelson <a href="https://www.benzinga.com/news/legal/24/12/42424808/kroger-stock-up-after-judge-blocks-albertsons-deal-what-you-need-to-know">blocked the proposed merger</a> of the two companies after finding the deal would impact competition in the grocery space. Attorneys for both companies previously said the deal would most likely be squashed if the judge ruled in favor of the U.S. Federal Trade Commission.
See Also: <a href="https://www.benzinga.com/news/econ-s/24/12/42440275/wall-street-gains-tech-rallies-tesla-hits-all-time-highs-as-inflation-data-firms-up-feds-next-interest-rate-cut">Wall Street Gains, Tech Rallies, Tesla Hits All-Time High As Inflation Data Firms Up Fed&#8217;s Next Interest Rate Cut</a>
Albertsons alleges Kroger failed to exercise &#8220;best efforts&#8221; and failed to take &#8220;any and all actions&#8221; to make sure the merger was approved as required of the company under terms of the merger agreement. Albertsons also alleges Kroger breached the merger agreement by &#8220;repeatedly refusing&#8221; to divest necessary assets for antitrust approval, ignoring regulators&#8217; feedback and failing to cooperate with Albertsons.
Kroger responded to the accusations Wednesday morning, calling the lawsuit &#8220;baseless and without merit.&#8221;
&#8220;Kroger refutes these allegations in the strongest possible terms,&nbsp;especially in light of Albertsons&#8217; repeated intentional material breaches and interference throughout the merger process, which we will prove in court,&#8221; the company said. 
&#8220;We went to extraordinary lengths to uphold the merger agreement throughout the entirety of the regulatory process and the facts will make that abundantly clear.&#8221;
Albertsons is seeking billions of dollars in damages from Kroger, alleging shareholders were unfairly denied a multi-billion-dollar premium that Kroger agreed to pay for Albertsons shares.
Albertsons also believes it&#8217;s entitled to a $600 million termination fee. Kroger challenged the allegation in its statement and said the company looks forward to responding in court.
KR, ACI Price Action: At the time of publication, Kroger shares were up 0.58% at $61.08 while Albertsons shares were down 0.38% at $18.44, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42440806/adobe-q4-earnings-preview-analyst-says-investors-may-be-missing-healthy-subscriber-growth">Adobe Q4 Earnings Preview: Analyst Says Investors May Be Missing Healthy Subscriber Growth</a></li>
</ul>
Photo: Shutterstock.

Albertsons Puts End To Merger Deal, Sues Kroger Following Court Ruling: 'We Believe Strongly In The Merits Of Our Case'

Morgan Stanley analyst Simeon Gutman maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Equal-Weight and raises the price target from $58 to $62.

Morgan Stanley Maintains Equal-Weight on Kroger, Raises Price Target to $62

Winners and losers from the November retail sales report

Telsey Advisory raised the firm's price target on Albertsons (ACI) to $26 from $21 and keeps an Outperform rating on the shares. The firm's discuss...

Albertsons price target raised to $26 from $21 at Telsey Advisory

Albertsons lays out plans for prosperous Kroger-less future

Berkshire Hathaway For Dividend Investors: My Favorite Buffett Dividend Stock

Costco dances around a $1,000 trading handle as analysts eye the 2025 potential

Kroger (KR) "announced that it entered into Accelerated Share Repurchase agreements with each of Wells Fargo Bank, National Association and Citiban...

Kroger announces agreement for $5B accelerated buyback program

Kroger announces agreement for $5B accelerated share repurchase program

BofA raised the firm's price target on Kroger (KR) to $75 from $70 and keeps a Buy rating on the shares. While the firm believes a merger with Albe...

Kroger price target raised to $75 from $70 at BofA

Analyst Robert Ohmes of Bank of America Securities reiterated a Buy rating on Kroger Company (KR – Research Report), with a price target of $75.00....

Kroger's Strategic Growth and Shareholder Value Enhancement Post-Merger Termination

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Kroger Company (KR – Research Report), Lamb Weston Holdings (...

Analysts Offer Insights on Consumer Goods Companies: Kroger Company (KR), Lamb Weston Holdings (LW) and Sysco (SYY)

AAPL

AMZN

CHWY

COST

ETSY

SCHD

SIRI

URBN

Press Releases

Celebrate the Holidays with Murray's Cheese from Kroger

Kroger Named to Computerworld 2025 List of Best Places to Work in IT

Home Chef Forecasts Six Home Cooking Trends for 2025

Albertsons Files Lawsuit Against Kroger for Breach of Merger Agreement

Kroger Statement Responding to Albertsons' Baseless Lawsuit

Lifeway Foods Announces New ProBugs Organic Kefir Distribution in More than 250 Harris Teeter Stores

Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program

Kroger Offering More than $1,200 in Weekly Savings Ahead of the Holidays

Forbes Recognizes Kroger as a Leader in Workplace Culture and Pharmacy Customer Service

Kroger Announces Agreements for $5.0B Accelerated Share Repurchase Program

LWAY

Albertsons Companies, Inc. Class A Common Stock

Albertsons Companies

Maplebear

Caseys General Stores, Inc. - Common Stock

Casey's General Stores

Chanson International Holding - Class A Ordinary Shares

Chanson International

Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares)

Dingdong (Cayman)

Grocery Outlet Holding Corp. - Common Stock

Grocery Outlet Holding

Ingles Markets, Incorporated - Class A Common Stock

Ingles Markets

Maison Solutions Inc. - Class A Common Stock

Maison Solutions

Natural Grocers by Vitamin Cottage, Inc. Common Stock

Natural Grocers

Reborn Coffee

Sprouts Farmers Market, Inc. - Common Stock

Comments

Kroger

뉴스

에 대한 최신 뉴스 Kroger (NYSE:KR) 주식

화요일, 12월 10, 2024

금요일, 12월 06, 2024

목요일, 12월 05, 2024

화요일, 11월 12, 2024

토요일, 10월 05, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌