NEXT Financial Group Inc reduced its stake in Flowers Foods, Inc. (NYSE:FLO) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,033 shares of the company’s stock after selling 2,026 shares during the period. NEXT Financial Group Inc’s holdings in Flowers Foods were worth $1,435,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its holdings in Flowers Foods by 131.6% in the first quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after acquiring an additional 1,295 shares in the last quarter. Huntington National Bank increased its position in Flowers Foods by 24.3% during the 4th quarter. Huntington National Bank now owns 4,494 shares of the company’s stock valued at $97,000 after purchasing an additional 880 shares during the period. Point72 Asset Management L.P. bought a new position in Flowers Foods in the 2nd quarter worth $144,000. Doyle Wealth Management bought a new position in Flowers Foods in the 2nd quarter worth $159,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Flowers Foods in the 2nd quarter worth about $192,000. 64.96% of the stock is currently owned by institutional investors and hedge funds.
FLO opened at $22.02 on Wednesday. The stock has a market cap of $4.68 billion, a PE ratio of 25.60 and a beta of 0.37. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average of $21.73 and a 200-day moving average of $22.35. Flowers Foods, Inc. has a 52 week low of $19.06 and a 52 week high of $24.35.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $966.56 million for the quarter, compared to analysts’ expectations of $947.50 million. Flowers Foods had a return on equity of 15.74% and a net margin of 4.48%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Flowers Foods, Inc. will post 0.96 EPS for the current year.
A number of brokerages have recently weighed in on FLO. ValuEngine lowered shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Deutsche Bank started coverage on shares of Flowers Foods in a research note on Wednesday, December 11th. They issued a “hold” rating and a $21.00 price target for the company. Finally, DA Davidson lowered their price objective on shares of Flowers Foods from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.50.
In other Flowers Foods news, CMO Debo Mukherjee bought 1,650 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $21.35 per share, for a total transaction of $35,227.50. Following the acquisition, the chief marketing officer now owns 3,200 shares in the company, valued at approximately $68,320. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.17% of the company’s stock.
Flowers Foods Profile
Flowers Foods, Inc produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery. The Direct-Store-Delivery segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Dave's Killer Bread, Tastykake, Wonder, and Cobblestone Bread Company brand names.
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