California Public Employees Retirement System raised its stake in shares of Krispy Kreme Doughnuts (NYSE:KKD) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,600 shares of the company’s stock after buying an additional 1,500 shares during the period. California Public Employees Retirement System’s holdings in Krispy Kreme Doughnuts were worth $2,926,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Krispy Kreme Doughnuts by 41.5% in the first quarter. Renaissance Technologies LLC now owns 1,887,164 shares of the company’s stock valued at $29,421,000 after buying an additional 553,135 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Krispy Kreme Doughnuts by 124.5% in the second quarter. Bank of New York Mellon Corp now owns 697,865 shares of the company’s stock valued at $14,627,000 after buying an additional 387,026 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Krispy Kreme Doughnuts during the first quarter valued at $5,025,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Krispy Kreme Doughnuts during the second quarter valued at $2,739,000. Finally, Societe Generale purchased a new stake in shares of Krispy Kreme Doughnuts during the second quarter valued at $1,696,000.
Krispy Kreme Doughnuts (NYSE:KKD) remained flat at $21.00 during mid-day trading on Wednesday. The company’s 50-day moving average is $20.97 and its 200-day moving average is $17.56. Krispy Kreme Doughnuts has a 52 week low of $12.90 and a 52 week high of $21.75.
Separately, CL King downgraded shares of Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.40.
About Krispy Kreme Doughnuts
Krispy Kreme Doughnuts, Inc is a retailer and wholesaler of doughnuts, complementary beverages, and treats and packaged sweets. The Company’s principal business includes owning and franchising Krispy Kreme stores, at which a range of doughnuts, including the Company’s Original Glazed doughnut, together with complementary products, including an array of coffees and other beverages.
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