Kroger Company (KR)

Caisse de depot et placement du Quebec acquired a new stake of 143,022 shares in The Kroger Co. (NYSE:KR) during the second quarter, valued at approximately $7.94 million. Institutional investors now hold 80.93% of Kroger's stock, with various other hedge funds also adjusting their positions. Despite cautious analyst sentiment and a slight earnings miss, Kroger increased its quarterly dividend and maintained its fiscal 2026 EPS guidance.

Kroger has agreed to a $17 million class-action settlement stemming from allegations that it overcharged insured customers for prescription drugs. The lawsuit claimed Kroger failed to factor in its lower Savings Club prices when determining the usual and customary prices for insurance claims. While Kroger denies wrongdoing, the settlement will provide monetary relief to eligible class members who purchased prescription drugs from Kroger using insurance between December 9, 2018, and August 23, 2026.

The Canada Pension Plan Investment Board recently acquired 958,786 shares of The Kroger Co. (NYSE:KR) for approximately $53.24 million, making it a significant institutional investor in the company. Despite Kroger slightly missing its quarterly EPS estimates, its revenue increased by 2.2% year-over-year, and analysts maintain a "Moderate Buy" rating with an average target price of $72. Kroger also increased its quarterly dividend to $0.39 per share and is expanding its digital convenience through a nationwide Instacart integration for grocery and prescription deliveries.

Kroger Co. has agreed to a $17 million settlement in a class-action lawsuit concerning prescription drug pricing. The lawsuit was filed in January 2021 by named plaintiff Judy Kirkbride, but the settlement applies to all affected individuals. The agreement was reached on August 24, according to the settlement administrator, Angeion Group.

Home Depot has appointed Christine Foster, formerly of Kroger Precision Marketing, as general manager and vice president of Orange Apron Media, effective September 8. This strategic hire aims to boost Home Depot's retail media operations, which offer higher margins compared to its core business, amidst slowing demand for home improvement projects. Foster will be responsible for driving revenue growth and brand partnerships for the retailer's advertising unit.