Newsworthy Title: Orion Portfolio Solutions LLC Reduces Investment in Krispy Kreme, Inc. (NASDAQ:DNUT)
Orion Portfolio Solutions LLC recently decreased its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 8.1% during the fourth quarter, as reported in their latest filing with the Securities & Exchange Commission. The fund sold 3,162 shares, leaving them with 35,957 shares of the company’s stock valued at $522,000. Other institutional investors have also made changes to their holdings in Krispy Kreme, with some adding to their positions and others acquiring new shares.
Krispy Kreme’s stock performance has been fluctuating, with a one-year low of $9.98 and a high of $17.84. The company reported its quarterly earnings data, meeting analysts’ consensus estimates. They also announced a quarterly dividend, set to be paid in August. Additionally, Director Michael J. Tattersfield sold 100,000 shares of the company’s stock in March.
Wall Street analysts have weighed in on Krispy Kreme, with varying ratings and price targets. Despite the mixed opinions, the stock currently has a consensus rating of “Hold.” For more information on Krispy Kreme’s stock and recent developments, visit HoldingsChannel.com for the latest filings and insider trades.
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