Wed Sep 25 07:53:06 UTC 2024: ## Krispy Kreme Stock Sees Mixed Activity from Institutional Investors

**Winston-Salem, NC (MarketBeat News) –** Krispy Kreme, Inc. (NASDAQ: DNUT) has seen a mixed bag of activity from institutional investors in recent quarters, according to HoldingsChannel.com. While some investors have reduced their positions, others have significantly increased their stakes in the company.

Victory Capital Management Inc. notably decreased its holdings in Krispy Kreme by 59.3% in the second quarter, selling 15,213 shares. However, other investors have shown increased confidence in the company. Hsbc Holdings PLC grew its stake by 157.1% in the fourth quarter, while Dimensional Fund Advisors LP lifted its position by 25.4% in the same period.

New investors have also entered the scene. Carlyle Group Inc. acquired a new position in the first quarter, valued at approximately $5.19 million.

Overall, institutional investors currently own 81.72% of Krispy Kreme stock. This significant ownership reflects the interest and confidence that many institutional players have in the company’s future.

**Analyst Sentiment Remains Positive**

Several research analysts have recently commented on Krispy Kreme stock. While Evercore ISI maintained an “in-line” rating, other firms have expressed more optimism. Truist Financial upgraded Krispy Kreme from a “hold” to a “buy” rating, boosting their price target from $13.00 to $15.00. HSBC also upgraded the stock from a “hold” to a “buy” rating, setting a $14.00 target price.

Overall, analysts’ sentiment remains positive, with three firms rating the stock a “hold,” five issuing a “buy” rating, and one assigning a “strong buy” rating.

**Dividend Update**

Krispy Kreme recently announced a quarterly dividend of $0.035 per share, payable on Wednesday, November 6th. This represents an annualized dividend of $0.14 and a yield of 1.23%.

**Market Performance**

Krispy Kreme opened at $11.37 on Wednesday. The company has a market capitalization of $1.92 billion and a price-to-earnings ratio of -42.11.

**Conclusion**

Krispy Kreme is seeing mixed activity from institutional investors, with some trimming their positions while others are increasing their stakes. Analyst sentiment remains positive, and the company recently announced a quarterly dividend. Overall, the company’s future prospects appear to be cautiously optimistic.

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