Asset Management One Co. Ltd. Sells 28,358 Shares of Flowers Foods, Inc. (NYSE:FLO)

Asset Management One Co. Ltd. lowered its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,180 shares of the company's stock after selling 28,358 shares during the period. Asset Management One Co. Ltd.'s holdings in Flowers Foods were worth $2,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Planning boosted its position in shares of Flowers Foods by 1.2% during the 3rd quarter. Creative Planning now owns 429,116 shares of the company's stock valued at $9,900,000 after purchasing an additional 5,035 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company's stock valued at $45,000 after acquiring an additional 2,008 shares during the period. Coston McIsaac & Partners raised its holdings in Flowers Foods by 4.2% during the 3rd quarter. Coston McIsaac & Partners now owns 195,820 shares of the company's stock worth $4,517,000 after purchasing an additional 7,828 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Flowers Foods during the 3rd quarter worth about $200,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Flowers Foods by 42.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 81,209 shares of the company's stock worth $1,885,000 after acquiring an additional 24,137 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. DA Davidson reduced their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. StockNews.com lowered shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. Finally, Truist Financial dropped their price target 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 issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.00.

Flowers Foods Stock Performance

Shares of NYSE:FLO traded up $0.18 during trading on Thursday, hitting $19.05. The company's stock had a trading volume of 1,990,561 shares, compared to its average volume of 2,061,781. The company has a 50-day moving average of $19.80 and a 200-day moving average of $21.65. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 8.39 and a beta of 0.38. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 0.95.

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

Flowers Foods Announces Dividend

The business also recently announced 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 of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.04%. 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.