American Century Companies Inc. Has $3.90 Million Stock Position in Flowers Foods, Inc. (NYSE:FLO)

American Century Companies Inc. cut its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,972 shares of the company's stock after selling 13,612 shares during the period. American Century Companies Inc. owned 0.09% of Flowers Foods worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FLO. Raymond James Financial Inc. bought a new position in Flowers Foods in the 4th quarter worth approximately $12,058,000. Geode Capital Management LLC increased its stake 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 buying an additional 259,216 shares during the period. Nordea Investment Management AB bought a new stake in shares of Flowers Foods during the fourth quarter worth $4,461,000. Moran Wealth Management LLC acquired a new position in shares of Flowers Foods during the fourth quarter valued at $3,940,000. Finally, Barclays PLC boosted its holdings in Flowers Foods by 88.6% in the third quarter. Barclays PLC now owns 287,625 shares of the company's stock valued at $6,636,000 after acquiring an additional 135,111 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FLO. DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Truist Financial dropped their price target 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. Finally, StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Flowers Foods has an average rating of "Hold" and an average price target of $21.00.

Flowers Foods Trading Down 0.7 %

Shares of FLO stock traded down $0.13 on Thursday, reaching $18.20. The company had a trading volume of 1,866,638 shares, compared to its average volume of 1,510,626. The stock has a market cap of $3.84 billion, a PE ratio of 15.55, a PEG ratio of 8.72 and a beta of 0.40. The company has a 50-day moving average of $18.71 and a 200-day moving average of $20.51. 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 12 month low of $17.33 and a 12 month high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.22 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 in the prior year, the firm earned $0.20 earnings per share. On average, equities analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued 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 5.28%. Flowers Foods's dividend payout ratio is presently 82.05%.

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.