SpartanNash (NASDAQ:SPTN) Stock Holdings Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in SpartanNash (NASDAQ:SPTN) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,661 shares of the company’s stock after selling 59,970 shares during the period. Charles Schwab Investment Management Inc. owned about 1.07% of SpartanNash worth $6,607,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in SpartanNash by 13.3% in the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company’s stock worth $8,822,000 after buying an additional 56,677 shares during the last quarter. Dean Investment Associates LLC lifted its stake in shares of SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock valued at $4,221,000 after buying an additional 66,178 shares during the period. Empowered Funds LLC grew its holdings in shares of SpartanNash by 5.1% during the 4th quarter. Empowered Funds LLC now owns 178,347 shares of the company’s stock worth $3,267,000 after purchasing an additional 8,652 shares in the last quarter. Principal Financial Group Inc. increased its stake in SpartanNash by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 163,673 shares of the company’s stock valued at $2,998,000 after acquiring an additional 4,596 shares during the period. Finally, AMH Equity Ltd raised its holdings in shares of SpartanNash by 316.7% in the 4th quarter. AMH Equity Ltd now owns 125,000 shares of the company’s stock worth $2,290,000 after buying an additional 95,000 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Down 0.4 %

Shares of NASDAQ:SPTN opened at $19.55 on Tuesday. The company has a market capitalization of $660.11 million, a PE ratio of -1,955.00 and a beta of 0.34. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The company has a 50 day moving average price of $19.29 and a two-hundred day moving average price of $19.82.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the business posted $0.35 earnings per share. Analysts forecast that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a dividend of $0.22 per share. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.88 annualized dividend and a yield of 4.50%. SpartanNash’s dividend payout ratio is presently -8,800.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on SPTN. StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th.

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.