Banco Santander Trims Stake in Kroger

Banco Santander S.A. reduces its holdings in The Kroger Co. by 44.8% in the third quarter.

Feb. 28, 2026 at 9:23am

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Banco Santander S.A. has reduced its stake in The Kroger Co. (NYSE:KR) by 44.8% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 135,354 shares of the company's stock, down from 245,084 shares previously.

Why it matters

Kroger is one of the largest supermarket operators in the United States, and changes in institutional ownership can signal shifts in investor sentiment around the company's performance and future prospects.

The details

According to the filing, Banco Santander sold 109,730 shares of Kroger stock during the third quarter. The firm's remaining holdings in Kroger were valued at $9.12 million as of the most recent filing. The sale comes amid a broader trend of hedge funds and institutional investors adjusting their positions in Kroger, with some firms increasing their stakes while others, like Banco Santander, have reduced exposure.

  • Banco Santander reduced its Kroger stake during the third quarter of 2026.

The players

Banco Santander S.A.

A major Spanish multinational commercial bank and financial services company.

The Kroger Co.

One of the largest supermarket operators in the United States, operating a portfolio of grocery store banners.

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The takeaway

The reduction in Banco Santander's Kroger stake is a sign that some institutional investors may be reevaluating their positions in the grocery retailer, though the overall sentiment remains mixed as indicated by the range of analyst ratings and price targets.