Allspring Global Investments Holdings LLC Has $2.08 Million Stake in Flowers Foods, Inc. (NYSE:FLO)

Allspring Global Investments Holdings LLC decreased its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 90.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,068 shares of the company's stock after selling 990,221 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Flowers Foods were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLO. Geode Capital Management LLC raised its position in shares of Flowers Foods by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company's stock valued at $95,971,000 after acquiring an additional 259,216 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Flowers Foods by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company's stock worth $46,327,000 after purchasing an additional 58,141 shares during the period. Fisher Asset Management LLC raised its stake in Flowers Foods by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 854,029 shares of the company's stock worth $19,702,000 after buying an additional 12,481 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Flowers Foods by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company's stock worth $13,519,000 after acquiring an additional 7,844 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in Flowers Foods by 85.4% in the third quarter. Ceredex Value Advisors LLC now owns 540,104 shares of the company's stock valued at $12,460,000 after acquiring an additional 248,800 shares during the period. Institutional investors own 75.45% of the company's stock.

Analyst Ratings Changes

A number of analysts recently 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 shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Truist Financial cut their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.00.

Flowers Foods Stock Down 0.0 %

Shares of Flowers Foods stock traded down $0.01 during trading hours on Tuesday, reaching $19.36. 1,714,441 shares of the company's stock were exchanged, compared to its average volume of 2,034,015. The stock has a market cap of $4.08 billion, a P/E ratio of 16.54, a P/E/G ratio of 8.72 and a beta of 0.38. The company has a 50 day moving average of $19.69 and a two-hundred day moving average of $21.57. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. 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 released its earnings results on Friday, February 7th. The company reported $0.22 earnings per share 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 in the previous year, the firm earned $0.20 earnings per share. On average, sell-side analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 4.96%. Flowers Foods's dividend payout ratio is 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.