Geode Capital Management LLC Sells 8,147 Shares of SpartanNash (NASDAQ:SPTN)

Geode Capital Management LLC trimmed its position in SpartanNash (NASDAQ:SPTN) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 792,729 shares of the company’s stock after selling 8,147 shares during the period. Geode Capital Management LLC owned about 2.35% of SpartanNash worth $17,769,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of SpartanNash in the 2nd quarter worth $30,000. Canada Pension Plan Investment Board bought a new stake in SpartanNash during the second quarter valued at about $34,000. Signaturefd LLC increased its position in SpartanNash by 64.9% in the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after buying an additional 709 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of SpartanNash in the second quarter worth about $79,000. Finally, GAMMA Investing LLC raised its stake in shares of SpartanNash by 64.7% in the third quarter. GAMMA Investing LLC now owns 3,920 shares of the company’s stock worth $88,000 after buying an additional 1,540 shares during the period. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Price Performance

Shares of SpartanNash stock opened at $18.21 on Friday. The company has a market capitalization of $614.68 million, a price-to-earnings ratio of 13.69 and a beta of 0.35. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $19.54 and its 200-day simple moving average is $20.17. SpartanNash has a 52 week low of $17.74 and a 52 week high of $24.51.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, analysts expect that SpartanNash will post 1.88 earnings per share for the current fiscal year.

SpartanNash Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a dividend of $0.2175 per share. The ex-dividend date is Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.78%. SpartanNash’s payout ratio is 65.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.