AGF Management Ltd. Has $2.37 Million Stake in Flowers Foods, Inc. (NYSE:FLO)

AGF Management Ltd. trimmed its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,898 shares of the company's stock after selling 21,380 shares during the quarter. AGF Management Ltd. owned 0.05% of Flowers Foods worth $2,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Flowers Foods during the 4th quarter worth $12,058,000. Geode Capital Management LLC raised its position in shares of Flowers Foods by 6.6% during the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company's stock worth $95,971,000 after purchasing an additional 259,216 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Flowers Foods by 423.1% during the 3rd quarter. Edgestream Partners L.P. now owns 306,848 shares of the company's stock valued at $7,079,000 after purchasing an additional 248,185 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Flowers Foods in the 4th quarter valued at approximately $4,461,000. Finally, Victory Capital Management Inc. grew its position in shares of Flowers Foods by 416.4% in the 3rd quarter. Victory Capital Management Inc. now owns 252,757 shares of the company's stock valued at $5,831,000 after purchasing an additional 203,807 shares during the period. Institutional investors and hedge funds own 75.45% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have commented on FLO shares. DA Davidson cut their price target on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. StockNews.com lowered shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. Finally, Truist Financial reduced 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.00.

Flowers Foods Stock Up 2.2 %

Shares of NYSE FLO traded up $0.41 during midday trading on Monday, reaching $18.82. The company's stock had a trading volume of 1,287,618 shares, compared to its average volume of 2,046,814. The stock has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $21.18. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a fifty-two week low of $17.99 and a fifty-two week high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company posted $0.20 EPS. Equities research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.10%. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

Flowers Foods Profile

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.