WINTON GROUP Ltd decreased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,457 shares of the company’s stock after selling 14,908 shares during the quarter. WINTON GROUP Ltd’s holdings in Flowers Foods were worth $4,295,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of FLO. Wellington Shields & Co. LLC boosted its holdings in shares of Flowers Foods by 4,675.7% during the first quarter. Wellington Shields & Co. LLC now owns 6,678,245 shares of the company’s stock worth $145,986,000 after purchasing an additional 6,538,406 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Flowers Foods by 8,253.1% during the first quarter. Neuberger Berman Group LLC now owns 1,352,027 shares of the company’s stock worth $29,579,000 after purchasing an additional 1,335,841 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Flowers Foods by 655.6% during the first quarter. Millennium Management LLC now owns 802,137 shares of the company’s stock worth $17,535,000 after purchasing an additional 695,979 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Flowers Foods by 4.0% during the first quarter. BlackRock Inc. now owns 15,585,781 shares of the company’s stock worth $340,704,000 after purchasing an additional 602,337 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Flowers Foods by 243.0% during the first quarter. Federated Investors Inc. PA now owns 789,545 shares of the company’s stock worth $17,259,000 after purchasing an additional 559,387 shares during the last quarter. Institutional investors and hedge funds own 66.40% of the company’s stock.
Shares of Flowers Foods opened at $20.33 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.13 and a current ratio of 1.43. Flowers Foods, Inc. has a twelve month low of $16.80 and a twelve month high of $22.82. The firm has a market capitalization of $4.29 billion, a P/E ratio of 21.66, a PEG ratio of 2.13 and a beta of 0.63.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, May 16th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Flowers Foods had a net margin of 3.58% and a return on equity of 15.87%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts expect that Flowers Foods, Inc. will post 1.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 6th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.54%. Flowers Foods’s dividend payout ratio (DPR) is 80.90%.
In other Flowers Foods news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total value of $221,655.00. Following the transaction, the insider now directly owns 67,801 shares of the company’s stock, valued at $1,431,279.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.20% of the company’s stock.
FLO has been the topic of several research reports. ValuEngine raised Flowers Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Deutsche Bank set a $24.00 target price on Flowers Foods and gave the stock a “hold” rating in a research report on Tuesday, April 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a research report on Thursday, May 17th. Finally, Hilliard Lyons initiated coverage on Flowers Foods in a research report on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.00.
Flowers Foods Profile
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowers Foods, Inc. (NYSE:FLO).
Receive News & Ratings for Flowers Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods and related companies with MarketBeat.com's FREE daily email newsletter.