National Pension Service Raises Kroger Stake by $97M, Mirae Asset Adds $8.8M

KRKR

National Pension Service raised its Kroger holdings by 6.8% to 1,439,658 shares valued at $97.05 million, while Mirae Asset Global Investments added 10,570 shares, boosting its stake to 130,012 shares worth $8.76 million. These Form 13F filings signal growing institutional confidence in Kroger's stock.

1. Kroger Rolls Out Exclusive Game Day Snacks

Kroger has introduced a suite of Big Game–themed products designed to drive incremental traffic and basket size this quarter, led by Flamin’ Hot® Boneless Chicken Wings—the first time the iconic spicy snack brand has entered the chicken category. Available only at Kroger, these fully cooked wings combine premium boneless chicken with the brand’s signature heat profile, targeting younger demographics and social gatherings. Complementing the launch, the retailer has reissued its Private Selection Champion Chip Collection in three limited-edition flavors—Pigs in a Blanket, Mozzarella Sticks and Buffalo Wings—positioning these items as impulse additions for watch-party spreads. Kroger’s merchandising team forecasts incremental weekly unit sales growth of 15–20% for game-day categories compared with last year’s Super Bowl period.

2. Institutional Investors Boost Kroger Stakes

In the most recent quarter, two major institutional investors raised their positions in Kroger shares, signaling continued confidence in the grocer’s long-term growth strategy. Mirae Asset Global Investments increased its holding by 8.8%, adding 10,570 shares to reach a total of 130,012 shares—valued at approximately $8.76 million as of the filing date. Meanwhile, the National Pension Service lifted its stake by 6.8%, acquiring 91,946 additional shares to hold 1,439,658 shares worth roughly $97.05 million. These increases contribute to the fact that more than 80% of Kroger’s outstanding shares remain under institutional ownership, underscoring investor belief in the company’s competitive positioning and capital allocation discipline.

3. Modest Revenue Growth and EPS Beat in Q3

Kroger reported third-quarter results that slightly surpassed analysts’ consensus on the bottom line, delivering adjusted earnings per share of $1.05 versus expectations of $1.03. Revenue grew 0.7% year-over-year to $33.86 billion, driven by higher same-store produce and deli sales partially offset by deflationary trends in packaged grocery categories. The grocer maintained a net margin of 0.54% and achieved a return on equity of 38.06%, reflecting ongoing cost controls and supply-chain efficiencies. Management reaffirmed full-year guidance in the range of $4.75 to $4.80 EPS, while consensus estimates for fiscal 2025 sit at $4.44 per share, supported by planned investments in technology and private-label expansion.

Sources

PDD