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Counterpoint Mutual Funds LLC Invests $2.33 Million in The Kroger Co. $KR
Counterpoint Mutual Funds LLC has acquired a new stake of 34,587 shares in The Kroger Co. (NYSE:KR) worth approximately $2.33 million during the third quarter. This investment is part of broader institutional interest in Kroger, with several other hedge funds also adjusting their positions. Despite some neutral and negative sentiments from analysts regarding thin margins and store closures, Kroger recently reported an earnings beat and announced a quarterly dividend of $0.35 per share.