JPMorgan Chase & Co. Sells 5,384 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

JPMorgan Chase & Co. cut its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 560,253 shares of the company’s stock after selling 5,384 shares during the period. JPMorgan Chase & Co.’s holdings in Krispy Kreme were worth $6,118,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bamco Inc. NY increased its stake in shares of Krispy Kreme by 4.2% in the third quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock valued at $112,569,000 after buying an additional 425,630 shares during the period. Banco Santander S.A. grew its holdings in Krispy Kreme by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock worth $74,288,000 after acquiring an additional 21,723 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Krispy Kreme by 38.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after acquiring an additional 1,042,345 shares during the period. Millennium Management LLC raised its stake in shares of Krispy Kreme by 136.7% during the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock valued at $37,669,000 after acquiring an additional 2,021,974 shares during the last quarter. Finally, Samlyn Capital LLC lifted its holdings in shares of Krispy Kreme by 120.5% during the second quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after purchasing an additional 1,218,699 shares during the period. 81.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Krispy Kreme Trading Down 0.6 %

Shares of DNUT stock opened at $8.94 on Thursday. Krispy Kreme, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $17.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The stock has a 50 day simple moving average of $10.31 and a two-hundred day simple moving average of $10.75. The company has a market cap of $1.52 billion, a P/E ratio of 52.59, a PEG ratio of 4.15 and a beta of 1.36.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $0.035 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a dividend yield of 1.57%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

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.