Proficio Capital Partners LLC purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,970 shares of the company's stock, valued at approximately $330,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its stake in shares of Flowers Foods by 171.8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock valued at $54,000 after purchasing an additional 1,658 shares during the period. Blue Trust Inc. lifted its stake in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after purchasing an additional 694 shares during the period. Quent Capital LLC lifted its stake in shares of Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company's stock valued at $63,000 after purchasing an additional 1,556 shares during the period. Quest Partners LLC lifted its stake in shares of Flowers Foods by 329,400.0% in the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company's stock valued at $76,000 after purchasing an additional 3,294 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Flowers Foods by 84.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company's stock valued at $103,000 after purchasing an additional 2,041 shares during the period. 75.45% of the stock is currently owned by institutional investors.
Flowers Foods Trading Down 3.6 %
FLO opened at $18.91 on Wednesday. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 8.72 and a beta of 0.41. The stock's 50 day moving average price is $19.33 and its 200-day moving average price is $21.28. Flowers Foods, Inc. has a one year low of $17.99 and a one year high of $26.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20.
Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same period in the previous year, the company earned $0.20 EPS. On average, equities analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current year.
Flowers Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.08%. The ex-dividend date is Friday, February 28th. Flowers Foods's payout ratio is 82.05%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. StockNews.com cut Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. DA Davidson lowered their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, Truist Financial lowered their price objective on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.00.
Get Our Latest Stock Analysis on FLO
Flowers Foods Profile
(
Free Report)
Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.
Further Reading
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