Moran Wealth Management LLC Buys Shares of 190,708 Flowers Foods, Inc. (NYSE:FLO)

Moran Wealth Management LLC acquired a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 190,708 shares of the company's stock, valued at approximately $3,940,000. Moran Wealth Management LLC owned approximately 0.09% of Flowers Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Flowers Foods by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,758 shares of the company's stock valued at $904,000 after acquiring an additional 4,933 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Flowers Foods by 9.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 33,185 shares of the company's stock valued at $686,000 after acquiring an additional 2,785 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Flowers Foods in the fourth quarter valued at approximately $12,058,000. Proficio Capital Partners LLC bought a new position in shares of Flowers Foods in the fourth quarter valued at approximately $330,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Flowers Foods by 11.5% in the fourth quarter. Victory Capital Management Inc. now owns 281,806 shares of the company's stock valued at $5,822,000 after acquiring an additional 29,049 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Price Performance

NYSE:FLO traded up $0.08 during trading hours on Thursday, reaching $18.52. 1,936,401 shares of the company's stock were exchanged, compared to its average volume of 2,077,550. The company has a market capitalization of $3.90 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The business's 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $21.24.

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Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same period last year, the business posted $0.20 earnings per share. Sell-side analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal 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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Friday, February 28th. Flowers Foods's dividend payout ratio is 82.05%.

Analysts Set New Price Targets

FLO has been the subject of several recent research reports. Truist Financial cut their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, February 10th. DA Davidson reduced their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Flowers Foods has a consensus rating of "Hold" and an average target price of $21.00.

About Flowers Foods

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.