QS Investors LLC cut its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 232,919 shares of the company’s stock after selling 2,693 shares during the quarter. QS Investors LLC owned 0.11% of Flowers Foods worth $4,498,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Flowers Foods in the fourth quarter valued at $10,085,000. BlackRock Inc. raised its stake in shares of Flowers Foods by 2.9% during the 4th quarter. BlackRock Inc. now owns 14,983,444 shares of the company’s stock worth $289,330,000 after buying an additional 416,393 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Flowers Foods by 16.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,387,499 shares of the company’s stock valued at $44,908,000 after buying an additional 333,384 shares during the period. JPMorgan Chase & Co. grew its holdings in Flowers Foods by 110.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 560,674 shares of the company’s stock valued at $10,513,000 after buying an additional 294,482 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in Flowers Foods in the 3rd quarter valued at about $4,466,000. 63.00% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Stephens reaffirmed 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 lowered Flowers Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Hilliard Lyons began coverage on Flowers Foods in a research report on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Pivotal Research reduced their price target on Flowers Foods to $26.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, KeyCorp reissued a “buy” rating on shares of Flowers Foods in a research report on Wednesday, March 28th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.13.
Shares of FLO traded down $0.19 during trading on Friday, reaching $22.08. The company’s stock had a trading volume of 1,048,767 shares, compared to its average volume of 1,070,030. Flowers Foods, Inc. has a twelve month low of $16.80 and a twelve month high of $22.50. The firm has a market cap of $4,690.27, a price-to-earnings ratio of 24.81, a PEG ratio of 3.39 and a beta of 0.67. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.66.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The business had revenue of $873.60 million during the quarter, compared to the consensus estimate of $860.34 million. During the same period in the previous year, the business earned $0.16 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. equities analysts expect that Flowers Foods, Inc. will post 1.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.08%. Flowers Foods’s dividend payout ratio (DPR) is 76.40%.
In other news, insider David M. Roach sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total value of $221,655.00. Following the completion of the sale, the insider now directly owns 67,801 shares in the company, valued at approximately $1,431,279.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.81% of the stock is currently owned by insiders.
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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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