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

Banco Santander S.A. lifted its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,916,972 shares of the company’s stock after purchasing an additional 21,723 shares during the quarter. Krispy Kreme accounts for approximately 0.9% of Banco Santander S.A.’s portfolio, making the stock its 15th largest holding. Banco Santander S.A. owned 4.08% of Krispy Kreme worth $74,288,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. increased its position in shares of Krispy Kreme by 86.1% in the third quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock valued at $2,326,000 after buying an additional 100,163 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Krispy Kreme in the 3rd quarter worth $278,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Krispy Kreme during the third quarter worth $810,000. Connable Office Inc. lifted its holdings in Krispy Kreme by 98.3% during the third quarter. Connable Office Inc. now owns 29,968 shares of the company’s stock valued at $322,000 after purchasing an additional 14,859 shares in the last quarter. Finally, Sargent Investment Group LLC acquired a new stake in shares of Krispy Kreme in the third quarter valued at about $215,000. 81.72% of the stock is owned by hedge funds and other institutional investors.

Krispy Kreme Stock Performance

Krispy Kreme stock opened at $10.90 on Thursday. The firm has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.14. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 64.06, a price-to-earnings-growth ratio of 4.44 and a beta of 1.39. 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, Inc. has a 1-year low of $9.18 and a 1-year high of $17.84.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders 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 yield of 1.28%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DNUT shares. Bank of America raised their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI reiterated an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Morgan Stanley began coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.56.

Krispy Kreme 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.