Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,099,645 shares of the company’s stock after purchasing an additional 48,203 shares during the period. Geode Capital Management LLC owned approximately 1.24% of Krispy Kreme worth $22,555,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in Krispy Kreme by 450.6% during the 3rd quarter. Barclays PLC now owns 169,209 shares of the company’s stock valued at $1,816,000 after purchasing an additional 138,475 shares in the last quarter. Stifel Financial Corp grew its holdings in Krispy Kreme by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 38,658 shares of the company’s stock valued at $415,000 after purchasing an additional 958 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Krispy Kreme during the 3rd quarter valued at $51,000. Holocene Advisors LP acquired a new stake in Krispy Kreme during the 3rd quarter valued at $1,716,000. Finally, Bamco Inc. NY grew its holdings in Krispy Kreme by 4.2% during the 3rd quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock valued at $112,569,000 after purchasing an additional 425,630 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Krispy Kreme Trading Up 0.5 %

NASDAQ DNUT opened at $9.78 on Friday. Krispy Kreme, Inc. has a one year low of $9.18 and a one year high of $17.84. The company has a 50-day simple moving average of $10.81 and a 200-day simple moving average of $10.91. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The firm has a market capitalization of $1.66 billion, a PE ratio of 57.53, a price-to-earnings-growth ratio of 4.21 and a beta of 1.34.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Wall Street Analyst Weigh In

DNUT has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, Morgan Stanley initiated coverage on shares of Krispy Kreme in a report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price objective for the company. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.56.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.