Dimensional Fund Advisors LP increased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 16.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,387,499 shares of the company’s stock after purchasing an additional 333,384 shares during the period. Dimensional Fund Advisors LP owned 1.14% of Flowers Foods worth $44,908,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Flowers Foods by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after purchasing an additional 629 shares during the period. Ffcm LLC grew its holdings in Flowers Foods by 1,298.6% during the third quarter. Ffcm LLC now owns 6,965 shares of the company’s stock worth $131,000 after purchasing an additional 6,467 shares during the period. BB&T Securities LLC bought a new stake in shares of Flowers Foods during the third quarter worth approximately $192,000. Round Table Services LLC bought a new stake in shares of Flowers Foods during the third quarter worth approximately $208,000. Finally, Archford Capital Strategies LLC boosted its holdings in shares of Flowers Foods by 71,581.3% during the second quarter. Archford Capital Strategies LLC now owns 11,469 shares of the company’s stock worth $628,000 after acquiring an additional 11,453 shares during the period. Institutional investors and hedge funds own 66.38% of the company’s stock.
Flowers Foods, Inc. (NYSE FLO) traded down $0.01 during midday trading on Wednesday, reaching $19.61. The company had a trading volume of 2,062,159 shares, compared to its average volume of 1,198,846. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4,100.00, a P/E ratio of 49.03, a price-to-earnings-growth ratio of 3.30 and a beta of 1.04. Flowers Foods, Inc. has a 1-year low of $16.80 and a 1-year high of $21.00.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. sell-side analysts anticipate that Flowers Foods, Inc. will post 0.86 earnings per share for the current year.
In other news, insider Brad K. Alexander sold 81,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $19.07, for a total transaction of $1,544,670.00. Following the transaction, the insider now owns 245,412 shares of the company’s stock, valued at approximately $4,680,006.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tonja W. Taylor sold 4,960 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total transaction of $97,067.20. Following the transaction, the insider now directly owns 22,055 shares in the company, valued at approximately $431,616.35. The disclosure for this sale can be found here. Insiders have sold a total of 448,016 shares of company stock worth $8,588,807 in the last three months. Insiders own 15.81% of the company’s stock.
Several brokerages recently issued reports on FLO. Pivotal Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Thursday, November 9th. Zacks Investment Research cut Flowers Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. SunTrust Banks restated a “hold” rating and set a $20.00 price objective on shares of Flowers Foods in a research report on Friday, November 10th. BMO Capital Markets restated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, November 2nd. Finally, TheStreet downgraded shares of Flowers Foods from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.20.
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Flowers Foods Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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