Flowers Foods, Inc. (NYSE:FLO) Stock Holdings Cut by State of Wisconsin Investment Board

State of Wisconsin Investment Board reduced its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,415 shares of the company’s stock after selling 2,347 shares during the quarter. State of Wisconsin Investment Board’s holdings in Flowers Foods were worth $1,002,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FLO. FMR LLC lifted its position in shares of Flowers Foods by 131.6% during the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after acquiring an additional 1,295 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Flowers Foods by 22.4% during the 1st quarter. Teacher Retirement System of Texas now owns 22,514 shares of the company’s stock valued at $536,000 after acquiring an additional 4,121 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Flowers Foods by 8.7% during the 1st quarter. Panagora Asset Management Inc. now owns 62,328 shares of the company’s stock valued at $1,483,000 after acquiring an additional 4,983 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Flowers Foods by 20.2% during the 1st quarter. JPMorgan Chase & Co. now owns 804,990 shares of the company’s stock valued at $19,160,000 after acquiring an additional 135,435 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Flowers Foods by 147.1% during the 1st quarter. Quadrant Capital Group LLC now owns 2,701 shares of the company’s stock valued at $64,000 after acquiring an additional 1,608 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

FLO opened at $25.41 on Thursday. The stock has a fifty day moving average of $23.87 and a 200-day moving average of $24.06. The firm has a market capitalization of $5.38 billion, a P/E ratio of 23.75 and a beta of 0.26. Flowers Foods, Inc. has a 12-month low of $21.66 and a 12-month high of $25.51. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 0.63.

Flowers Foods (NYSE:FLO) last released its earnings results on Thursday, August 12th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Flowers Foods had a return on equity of 19.93% and a net margin of 5.27%. On average, analysts expect that Flowers Foods, Inc. will post 1.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Friday, September 3rd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $0.84 annualized dividend and a dividend yield of 3.31%. Flowers Foods’s dividend payout ratio is 64.12%.

Separately, Zacks Investment Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, July 30th.

Flowers Foods Profile

Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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