UBS Asset Management Americas Inc. increased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,424 shares of the company’s stock after purchasing an additional 19,467 shares during the period. UBS Asset Management Americas Inc.’s holdings in Flowers Foods were worth $4,141,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLO. Ffcm LLC grew its stake 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 during the period. BB&T Securities LLC acquired a new stake in Flowers Foods in the third quarter valued at approximately $192,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 during the period. Fox Run Management L.L.C. acquired a new stake in Flowers Foods in the fourth quarter valued at approximately $195,000. Finally, Evermay Wealth Management LLC acquired a new stake in Flowers Foods in the fourth quarter valued at approximately $352,000. 63.05% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on FLO shares. Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a research note on Friday, February 9th. Zacks Investment Research cut Flowers Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Pivotal Research cut their target price on Flowers Foods to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. BMO Capital Markets lifted their target price on Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, November 15th. Finally, TheStreet raised Flowers Foods from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods currently has a consensus rating of “Buy” and an average target price of $21.33.
Flowers Foods, Inc. (NYSE FLO) opened at $21.21 on Wednesday. The stock has a market capitalization of $4,450.17, a P/E ratio of 23.74, a P/E/G ratio of 3.24 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Flowers Foods, Inc. has a 1 year low of $16.80 and a 1 year high of $21.49.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $873.60 million for the quarter, compared to analysts’ expectations of $860.34 million. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. Flowers Foods’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. research analysts forecast that Flowers Foods, Inc. will post 1.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 3.21%. Flowers Foods’s payout ratio is 95.77%.
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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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