Paloma Partners Management Co Has $8.99 Million Stake in Krispy Kreme, Inc. (NASDAQ:DNUT)

Paloma Partners Management Co grew its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 905,554 shares of the company’s stock after purchasing an additional 33,486 shares during the period. Paloma Partners Management Co owned about 0.53% of Krispy Kreme worth $8,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DNUT. Barclays PLC grew its position in Krispy Kreme by 450.6% in the 3rd quarter. Barclays PLC now owns 169,209 shares of the company’s stock worth $1,816,000 after purchasing an additional 138,475 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Krispy Kreme by 30.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after acquiring an additional 3,395 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Krispy Kreme during the 4th quarter valued at about $71,000. First Hawaiian Bank acquired a new stake in shares of Krispy Kreme during the 4th quarter valued at about $111,000. Finally, SG Americas Securities LLC boosted its position in shares of Krispy Kreme by 264.1% during the 4th quarter. SG Americas Securities LLC now owns 83,869 shares of the company’s stock valued at $833,000 after acquiring an additional 60,833 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $4.32, for a total value of $3,000,002.40. Following the transaction, the insider now directly owns 74,190,990 shares in the company, valued at approximately $320,505,076.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

Krispy Kreme Price Performance

Shares of Krispy Kreme stock opened at $4.19 on Tuesday. 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 stock has a market capitalization of $713.56 million, a price-to-earnings ratio of 24.65, a P/E/G ratio of 3.24 and a beta of 1.47. Krispy Kreme, Inc. has a 1-year low of $3.91 and a 1-year high of $13.25. The firm’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $8.44.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. Krispy Kreme’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities analysts predict that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio is 700.00%.

Analyst Upgrades and Downgrades

DNUT has been the topic of several recent research reports. Piper Sandler decreased their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, Truist Financial decreased their target price on shares of Krispy Kreme from $12.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.57.

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.