Krispy Kreme, Inc. (NASDAQ:DNUT) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,099,645 shares of the company’s stock after purchasing an additional 48,203 shares during the quarter. Geode Capital Management LLC’s holdings in Krispy Kreme were worth $22,555,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. lifted its position in Krispy Kreme by 86.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock valued at $2,326,000 after purchasing an additional 100,163 shares during the last quarter. Paloma Partners Management Co lifted its position in Krispy Kreme by 6,993.4% in the 3rd quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock valued at $9,366,000 after purchasing an additional 859,774 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Krispy Kreme in the 3rd quarter valued at about $810,000. Samlyn Capital LLC lifted its position in Krispy Kreme by 120.5% in the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock valued at $23,997,000 after purchasing an additional 1,218,699 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in Krispy Kreme in the 3rd quarter valued at about $1,716,000. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Stock Up 0.5 %

DNUT stock opened at $9.78 on Friday. Krispy Kreme, Inc. has a 12 month low of $9.18 and a 12 month high of $17.84. The firm has a market cap of $1.66 billion, a PE ratio of 57.53, a P/E/G ratio of 4.21 and a beta of 1.34. The firm 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 current ratio of 0.35 and a quick ratio of 0.28.

Krispy Kreme Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on DNUT shares. JPMorgan Chase & Co. dropped their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Morgan Stanley started coverage on shares of Krispy Kreme in a research report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price target on the stock. Finally, Bank of America boosted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Krispy Kreme has a consensus 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.