Amalgamated Bank Sells 28,311 Shares of Flowers Foods, Inc. (NYSE:FLO)

Amalgamated Bank cut its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 23.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,397 shares of the company's stock after selling 28,311 shares during the period. Amalgamated Bank's holdings in Flowers Foods were worth $2,109,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Flowers Foods by 2.0% in the second quarter. Signaturefd LLC now owns 23,779 shares of the company's stock valued at $528,000 after buying an additional 466 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of Flowers Foods by 1.0% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company's stock valued at $1,172,000 after purchasing an additional 500 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Flowers Foods by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company's stock worth $482,000 after acquiring an additional 603 shares during the last quarter. Arcadia Investment Management Corp MI lifted its position in Flowers Foods by 1.4% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company's stock worth $1,003,000 after acquiring an additional 625 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Flowers Foods by 5.6% during the second quarter. Inspire Investing LLC now owns 15,924 shares of the company's stock valued at $354,000 after buying an additional 842 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Flowers Foods from a "buy" rating to a "strong-buy" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.75.

Flowers Foods Price Performance

Shares of FLO traded down $0.06 during mid-day trading on Tuesday, hitting $21.50. 491,971 shares of the company traded hands, compared to its average volume of 1,166,245. Flowers Foods, Inc. has a one year low of $20.50 and a one year high of $26.12. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average of $22.78 and a 200 day moving average of $22.96. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 4.16 and a beta of 0.36.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Flowers Foods's revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a $0.24 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.47%. Flowers Foods's payout ratio is presently 84.21%.

Flowers Foods Company 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.