State of Michigan Retirement System 13F: Adds $23M to KR Stake

The State of Michigan Retirement System boosted its stake in The Kroger Co. by 399,581 shares in a filing on October 27, 2026. This brings its total holdings to 3,329,291 shares, valued at approximately $195.2 million.

KR The Kroger Co.

$66.03 ▲ +6.69% year to date

1M 3M YTD

Daily close · Oct 27, 2026

Where Kroger Fits in State of Michigan Retirement System's Portfolio

Kroger represents 1.77% of the fund's total reported value of about $11.02 billion, ranking 16th among its 966 positions. The recent increase in shares reflects a 13.6% rise in its stake.

Other Institutional Activity in Kroger

Berkshire Hathaway, Inc. reduced its holdings by 11,000,000 shares, leaving it with 39,000,000 shares worth about $2.57 billion. Franklin Resources, Inc. also trimmed its position, cutting 205,492 shares to hold 15,016,165 shares valued at approximately $989.1 million.

The Kroger Co. Stock Down 1.3%

Kroger's shares closed at $65.87 on the filing date, which is about equal to the recent trading price of $65.87 as of October 28, 2026. The stock is currently above its 50-day moving average by 10% and its 200-day moving average by 3.6%, but it remains 14% below its 52-week high of $76.58.

Recent Earnings

Kroger reported trailing twelve-month revenue of $149.3 billion, with an earnings per share (EPS) of $1.80. The company is scheduled to release its next earnings report on December 3, 2026.

Dividend

Kroger pays an annual dividend of $1.56 per share, resulting in a dividend yield of 2.34%. The company's payout ratio stands at 77.8%.

Insider Buying and Selling at The Kroger Co.

Yael Cosset, an officer at Kroger, sold 30,000 shares on July 14, 2026, valued at approximately $1.76 million. Mary Ellen Adcock, another officer, sold 72,901 shares on September 18, 2026, valued at about $4.43 million.

Analysts Set New Price Targets

On October 21, 2026, UBS maintained a Neutral rating on Kroger with a price target of $66.00, while Guggenheim also maintained its Buy rating but raised its target to $68.00. The consensus among analysts is a Buy rating with a mean price target of $69.00 based on 22 opinions.

About Kroger

The Kroger Co. operates as a major food and drug retailer in the United States, offering a variety of grocery and pharmacy services. This position change reflects the fund's confidence in Kroger's performance amidst its steady growth in revenue.

Bottom Line

Investors should monitor Kroger's upcoming earnings report on December 3, 2026, and any further filings from the State of Michigan Retirement System regarding its stake in the company. This boost in shares indicates a positive outlook for Kroger's ongoing performance.