Northern Trust Corp Boosts Holdings in SpartanNash (NASDAQ:SPTN)

Northern Trust Corp grew its holdings in shares of SpartanNash (NASDAQ:SPTN) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 444,377 shares of the company’s stock after acquiring an additional 73,752 shares during the quarter. Northern Trust Corp owned 1.32% of SpartanNash worth $8,141,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SPTN. Invesco Ltd. raised its stake in shares of SpartanNash by 25.1% during the fourth quarter. Invesco Ltd. now owns 1,243,507 shares of the company’s stock worth $22,781,000 after acquiring an additional 249,616 shares in the last quarter. American Century Companies Inc. raised its stake in shares of SpartanNash by 14.2% during the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company’s stock worth $19,093,000 after acquiring an additional 129,907 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SpartanNash by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company’s stock worth $4,048,000 after purchasing an additional 118,478 shares during the last quarter. AMH Equity Ltd grew its holdings in shares of SpartanNash by 316.7% in the fourth quarter. AMH Equity Ltd now owns 125,000 shares of the company’s stock worth $2,290,000 after purchasing an additional 95,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of SpartanNash in the fourth quarter worth approximately $1,263,000. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPTN has been the topic of several recent analyst reports. StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Wednesday, February 19th.

SpartanNash Stock Up 2.1%

Shares of SpartanNash stock opened at $19.84 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The stock has a market capitalization of $671.50 million, a price-to-earnings ratio of -1,984.00 and a beta of 0.42. The company’s 50 day moving average price is $19.72 and its 200-day moving average price is $19.26.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a $0.22 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.88 annualized dividend and a yield of 4.44%. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s payout ratio is -8,800.00%.

About SpartanNash

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.