ARP Americas LP boosted its stake in Flowers Foods, Inc. (NYSE:FLO) by 66.3% during the 4th quarter, HoldingsChannel reports. The fund owned 17,630 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. ARP Americas LP’s holdings in Flowers Foods were worth $340,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Ffcm LLC boosted its holdings in Flowers Foods by 1,298.6% in the third quarter. Ffcm LLC now owns 6,965 shares of the company’s stock valued at $131,000 after acquiring an additional 6,467 shares in the last quarter. BB&T Securities LLC bought a new stake in Flowers Foods in the third quarter valued at $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Flowers Foods by 48.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock valued at $193,000 after acquiring an additional 3,266 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Flowers Foods in the fourth quarter valued at $195,000. Finally, Breton Hill Capital Ltd. boosted its holdings in Flowers Foods by 26.0% in the third quarter. Breton Hill Capital Ltd. now owns 15,628 shares of the company’s stock valued at $294,000 after acquiring an additional 3,228 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.
Flowers Foods, Inc. (FLO) opened at $20.81 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4,360.00, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. Flowers Foods, Inc. has a 52-week low of $16.80 and a 52-week high of $21.46.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $873.60 million during the quarter, compared to analyst estimates of $860.34 million. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. equities research analysts forecast that Flowers Foods, Inc. will post 1.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, March 1st. Flowers Foods’s dividend payout ratio is currently 141.67%.
Several analysts recently weighed in on FLO shares. Stephens reiterated a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a report on Friday, February 9th. Zacks Investment Research cut shares of Flowers Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. TheStreet cut shares of Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Pivotal Research cut their price target on shares of Flowers Foods to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, BMO Capital Markets reissued a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.33.
In other Flowers Foods news, CFO R Steve Kinsey sold 116,067 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $19.39, for a total transaction of $2,250,539.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen R. Avera sold 68,908 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total value of $1,331,991.64. Following the transaction, the insider now directly owns 553,989 shares of the company’s stock, valued at approximately $10,708,607.37. The disclosure for this sale can be found here. Company insiders own 15.81% of the company’s stock.
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Flowers Foods Company 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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