SpartanNash (NASDAQ:SPTN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in SpartanNash (NASDAQ:SPTN) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,077 shares of the company’s stock after selling 10,916 shares during the period. Principal Financial Group Inc. owned about 0.47% of SpartanNash worth $3,565,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPTN. US Bancorp DE increased its stake in shares of SpartanNash by 3.6% in the 3rd quarter. US Bancorp DE now owns 16,816 shares of the company’s stock valued at $377,000 after purchasing an additional 587 shares in the last quarter. Creative Planning grew its holdings in SpartanNash by 5.7% in the third quarter. Creative Planning now owns 13,165 shares of the company’s stock valued at $295,000 after purchasing an additional 708 shares during the period. Signaturefd LLC increased its position in shares of SpartanNash by 64.9% in the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after buying an additional 709 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of SpartanNash by 2.2% during the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock worth $1,078,000 after buying an additional 1,040 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of SpartanNash by 6.1% during the 2nd quarter. Inspire Investing LLC now owns 18,792 shares of the company’s stock valued at $353,000 after buying an additional 1,082 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Trading Down 0.6 %

Shares of SpartanNash stock opened at $18.21 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51. The firm has a market capitalization of $614.68 million, a PE ratio of 13.69 and a beta of 0.35. The firm’s 50-day moving average price is $19.28 and its 200 day moving average price is $20.14.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. On average, sell-side analysts predict that SpartanNash will post 1.88 EPS for the current fiscal year.

SpartanNash Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report 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.