A huge trade in KR stock occurred at market close on February 14, 2020.
This monster order occurred right at the close so it was a buy on close order. We have a news catalyst that could explain why an institution or money manager took a huge position in KR stock at the close.
SEC filings for tracking insiders and large institutions are now streaming in for Q4. I know, it’s a bummer we only get action to what large players are buying some 3 to 4 months after they do it, but these revelations do move stocks in the present.
Berkshire Hathaway disclosed in an SEC filing its holdings as of December 31, 2019. During the fourth quarter, Berkshire took a new large position in Kroger (KR). Fox Business reports that it is the first time Warren Buffett has taken a position in Kroger. Source: Buffett’s Berkshire Hathaway buys Kroger stock for first time
We can see what large players volume looks like when Warren Buffett takes a long position in a stock.
Someone wanted to capture the dividend announced back on January 24, 2020 too. The Kroger Co.’s (NYSE: KR) Board of Directors declared a quarterly dividend of 16¢ per share to be paid on March 1, 2020, to shareholders of record as of the close of business on February 14, 2020. The company’s quarterly dividend has grown at a double-digit compound annual growth rate since it was reinstated in 2006. The company continues to expect, subject to board approval, an increasing dividend over time.
On January 23, 2020, Kroger Co. (NYSE: KR), America’s largest grocery retailer, and Ocado (LSE: OCDO), a world leader in technology for grocery ecommerce, announced Frederick, MD, as the latest location for a Customer Fulfillment Center (CFC).
“Kroger is incredibly excited to construct one of our industry-leading Customer Fulfillment Centers in Maryland in relationship with Ocado to bring fresh food to our customers faster than ever before,” said Robert Clark, Kroger’s senior vice president of supply chain, manufacturing and sourcing. “Through our strategic partnership, we are engineering a model for the region, leveraging advanced robotics technology and creative solutions to redefine the customer experience.”
Kroger has partnered with Ocado to accelerate its ability to provide customers with anything, anytime, anywhere. The CFC model – an automated warehouse facility with digital and robotic capabilities – will be used to serve customers across the region.
“We are excited to bring Kroger and Ocado’s latest automated warehouse to Frederick. This site will be key to delivering amazing grocery experiences to households across Maryland, Pennsylvania and the District of Columbia. It will also create fantastic job opportunities for engineers looking to work alongside state-of-the-art robotics and automation,” said Luke Jensen, CEO of Ocado Solutions. “The warehouse will be a key component of the seamless fulfilment ecosystem that Kroger is developing for customers across the United States. Ocado’s proven technology will allow Kroger to achieve the lowest cost-to-serve in the market, combined with the best freshness, accuracy and service.”
“We are thrilled that these two respected companies have chosen Maryland as the location for a new high-tech, innovative Mid-Atlantic hub,” said Governor Larry Hogan. “This is a big win for Frederick County and yet another shining example that Maryland truly is open for business.”
On January 9, 2020, Executives of Walmart (WMT), Kroger (KR), Albertsons and Ahold-Delhaize have mulled acquiring food-delivery service Grubhub (GRUB), according to The New York Post’s Lisa Fickenscher. Supply-chain consultant Brittain Ladd was quoted by Fickenscher as having said: “I have spoken with executives from each company (especially Walmart) and there is interest in acquiring Grubhub.” The Wall Street Journal reported that GrubHub (GRUB) is considering strategic options, including a possible sale. Source: https://nypost.com/2020/01/09/walmart-other-grocers-are-considering-acquiring-grubhub/?utm_source=NYPTwitter&utm_medium=SocialFlow&utm_campaign=SocialFlow