Kroger stock soars after Buffett’s investment
February 17, 2020
Kroger stock news
“Kroger Co.’s stock soared in after-hours trading Friday following the disclosure that famed investor Warren Buffett’s Berkshire Hathaway conglomerate has made a huge investment in the supermarket giant’s stock.
Omaha, Neb.-based conglomerate Berkshire Hathaway bought a new position of 18.9 million shares of Kroger (NYSE: KR) stock during the fourth quarter, according to a Securities and Exchange Commission filing late Friday. It didn’t own Kroger stock before last quarter. That stake was worth $549 million at year-end and represents 2.4% of Kroger’s stock. That makes Berkshire Hathaway (NYSE: BRK-A) the seventh-largest owner of Kroger shares, according to Kroger’s investor relations listing on its website.”