Warren Buffett adds Kroger to his investing shopping cart

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Warren Buffett's Berkshire Hathaway disclosed a new stake in Kroger after the closing bell Friday. Shares of the nation's largest supermarket surged 6% on the news. Berkshire Hathaway (BRKB) bought nearly 19 million shares in Kroger (KR) during the fourth quarter, a purchase that makes Berkshire one of the 10 largest holders of the company's stock. The move is an interesting one given that Berkshire also owns a small position in Amazon (AMZN), the online retailing giant that has disrupted the grocery business through its purchase of Whole Foods and food delivery offerings for Amazon Prime customers. Buffett has long been a fan of the retail and food industries.

Source:https://edition.cnn.com/2020/02/14/investing/berkshire-hathaway-warren-buffett-kroger/index.html


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