National Pension Service raises Kroger stake by 6.8% to over $97M

KRKR

National Pension Service increased its Kroger holdings by 6.8% in the third quarter, purchasing 91,946 shares to reach a total of 1,439,658 shares valued at $97.05 million. Institutional ownership of Kroger stock stands at 80.93%, with NPS now holding 0.22% of outstanding shares.

1. Kroger Unveils Exclusive Flamin’ Hot® Chicken Wings and Champion Chips

Kroger has introduced a first-of-its-kind collaboration that brings Flamin’ Hot® flavor to premium boneless chicken wings, marking the brand’s entry into the poultry category. The limited-edition Game Day lineup also features a Champion Chip Collection with three new varieties—Pigs in a Blanket, Mozzarella Sticks and Buffalo Wings—designed to drive incremental traffic and boost basket size. According to Kroger’s Fresh Merchandising group vice president Carlo Baldan, these exclusives are available nationwide through February and represent a strategic effort to differentiate the company’s frozen snack offering during the season’s highest-volume selling period.

2. Aggressive Promotions and Digital Coupon Strategy to Drive Sales

Starting February 4, Kroger is rolling out layered promotional pricing across meat, produce and snack categories. Highlighted deals include T-bone steaks at $9.99 per pound, whole boneless beef brisket as low as $2.99 per pound, and buy-one-get-one arrangements on core items such as pork back ribs, Oscar Mayer bacon and Private Selection gourmet potatoes. Digital coupons accessible via the Kroger app enable customers to clip offers up to five times per transaction on key items—large Haas avocados at $0.88 each, strawberries at $1.99 per pound and Johnsonville dinner sausage at $3.99—supporting Kroger’s objective of driving repeat visits and higher average transaction values.

3. Institutional Stake Increases and Modest Analyst Revisions

In the latest 13F filings, Mirae Asset Global Investments boosted its Kroger position by 8.8%, acquiring an additional 10,570 shares for a total holding valued at $8.76 million. The National Pension Service increased its stake by 6.8%, adding 91,946 shares and bringing its Kroger investment to approximately $97 million. Combined, institutional ownership exceeds 80% of shares outstanding. Following these filings, Wall Street analysts have largely maintained a moderate buy consensus, with average price targets now clustering in the mid-$70 range. Kroger’s guidance for fiscal 2025 EPS of 4.75–4.80 remains unchanged, reflecting management’s confidence in margin expansion through private-label growth and supply-chain efficiencies.

Sources

PDD