Mitsubishi UFJ Trust & Banking Corp Buys 17,398 Shares of SpartanNash (NASDAQ:SPTN)

Mitsubishi UFJ Trust & Banking Corp grew its stake in SpartanNash (NASDAQ:SPTN) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,740 shares of the company’s stock after buying an additional 17,398 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.41% of SpartanNash worth $2,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,685 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SpartanNash in the 4th quarter valued at approximately $132,000. GAMMA Investing LLC lifted its stake in SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock valued at $137,000 after acquiring an additional 3,541 shares in the last quarter. Franklin Resources Inc. bought a new stake in SpartanNash in the 3rd quarter valued at approximately $211,000. Finally, Verition Fund Management LLC acquired a new position in SpartanNash during the 3rd quarter worth approximately $244,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Up 1.1 %

NASDAQ:SPTN opened at $20.26 on Tuesday. The firm has a market capitalization of $684.08 million, a price-to-earnings ratio of -2,026.00 and a beta of 0.34. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00. The stock’s 50 day moving average price is $19.48 and its two-hundred day moving average price is $19.76.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter in the prior year, the business earned $0.35 EPS. Equities research analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.34%. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s dividend payout ratio (DPR) is presently -8,800.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPTN. StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, February 19th.

SpartanNash Profile

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.