Hsbc Holdings PLC Sells 732 Shares of SpartanNash (NASDAQ:SPTN)

Hsbc Holdings PLC trimmed its position in shares of SpartanNash (NASDAQ:SPTNFree Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,032 shares of the company’s stock after selling 732 shares during the quarter. Hsbc Holdings PLC owned 0.17% of SpartanNash worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of SpartanNash by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,978,527 shares of the company’s stock valued at $65,528,000 after buying an additional 27,667 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of SpartanNash by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,809,909 shares of the company’s stock valued at $64,488,000 after buying an additional 11,683 shares during the period. Invesco Ltd. lifted its holdings in shares of SpartanNash by 21.8% during the 3rd quarter. Invesco Ltd. now owns 832,250 shares of the company’s stock valued at $18,310,000 after buying an additional 149,078 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of SpartanNash by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 477,579 shares of the company’s stock valued at $10,960,000 after buying an additional 33,550 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of SpartanNash by 89.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 446,278 shares of the company’s stock valued at $10,242,000 after buying an additional 210,454 shares during the period. 84.59% of the stock is owned by institutional investors.

SpartanNash Trading Down 0.9 %

Shares of SPTN stock opened at $19.29 on Friday. SpartanNash has a 52-week low of $18.57 and a 52-week high of $24.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 1.75. The firm has a market capitalization of $653.74 million, a PE ratio of 12.45 and a beta of 0.41. The stock has a fifty day simple moving average of $19.69 and a two-hundred day simple moving average of $21.16.

SpartanNash (NASDAQ:SPTNGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. SpartanNash had a return on equity of 9.22% and a net margin of 0.56%. SpartanNash’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. On average, analysts predict that SpartanNash will post 1.93 EPS for the current fiscal year.

SpartanNash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.218 per share. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.52%. SpartanNash’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity

In other news, Director William R. Voss sold 16,439 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $19.84, for a total transaction of $326,149.76. Following the completion of the transaction, the director now owns 15,248 shares in the company, valued at $302,520.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a report on Monday, February 19th. TheStreet upgraded SpartanNash from a “c+” rating to a “b” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets reduced their price objective on SpartanNash from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 31st.

View Our Latest Stock Report on SpartanNash

SpartanNash Profile

(Free Report)

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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