Banco Santander S.A. Boosts Stake in Krispy Kreme, Inc. (NASDAQ:DNUT)

Banco Santander S.A. raised its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 6,916,972 shares of the company’s stock after buying an additional 21,723 shares during the quarter. Krispy Kreme comprises 0.9% of Banco Santander S.A.’s portfolio, making the stock its 15th largest holding. Banco Santander S.A.’s holdings in Krispy Kreme were worth $74,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. ProShare Advisors LLC grew its holdings in shares of Krispy Kreme by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after purchasing an additional 1,239 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Krispy Kreme by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock worth $130,237,000 after acquiring an additional 67,130 shares during the period. Gabelli Funds LLC acquired a new stake in shares of Krispy Kreme in the first quarter valued at $381,000. Bamco Inc. NY boosted its holdings in Krispy Kreme by 2.6% in the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock valued at $148,305,000 after purchasing an additional 246,600 shares during the period. Finally, California State Teachers Retirement System grew its stake in Krispy Kreme by 3.4% during the 1st quarter. California State Teachers Retirement System now owns 84,610 shares of the company’s stock worth $1,289,000 after purchasing an additional 2,769 shares in the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI reaffirmed an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Bank of America raised their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. 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 target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.56.

Krispy Kreme Stock Up 0.1 %

Shares of NASDAQ:DNUT opened at $10.90 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.14. The company has a market capitalization of $1.85 billion, a PE ratio of 64.06, a P/E/G ratio of 4.44 and a beta of 1.39. Krispy Kreme, Inc. has a twelve month low of $9.18 and a twelve month high of $17.84.

Krispy Kreme Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $0.035 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.28%. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Krispy Kreme Company Profile

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.