Charles Schwab Investment Management Inc. Has $46.33 Million Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Charles Schwab Investment Management Inc. raised its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,008,103 shares of the company's stock after purchasing an additional 58,141 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of Flowers Foods worth $46,327,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FLO. Renaissance Technologies LLC raised its stake in Flowers Foods by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 5,851,682 shares of the company's stock valued at $129,907,000 after acquiring an additional 242,797 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of Flowers Foods by 73.1% in the 2nd quarter. Cooke & Bieler LP now owns 5,301,518 shares of the company's stock worth $117,694,000 after acquiring an additional 2,239,592 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Flowers Foods by 1.2% in the 2nd quarter. Boston Trust Walden Corp now owns 4,623,017 shares of the company's stock worth $102,631,000 after acquiring an additional 54,757 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Flowers Foods by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,720,302 shares of the company's stock worth $82,592,000 after purchasing an additional 160,794 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Flowers Foods by 65.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,556 shares of the company's stock valued at $29,104,000 after acquiring an additional 520,661 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Trading Up 0.9 %

FLO stock traded up $0.21 during midday trading on Monday, reaching $22.83. The stock had a trading volume of 1,575,942 shares, compared to its average volume of 1,191,385. The business has a fifty day simple moving average of $22.44 and a two-hundred day simple moving average of $22.65. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 4.31 and a beta of 0.36. Flowers Foods, Inc. has a twelve month low of $21.20 and a twelve month high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, research analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 29th. Flowers Foods's payout ratio is presently 84.21%.

Analysts Set New Price Targets

Separately, StockNews.com cut Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th.

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.