Choreo LLC Acquires 13,678 Shares of Flowers Foods, Inc. (NYSE:FLO)

Choreo LLC boosted its holdings in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 120.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,026 shares of the company's stock after acquiring an additional 13,678 shares during the quarter. Choreo LLC's holdings in Flowers Foods were worth $514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Flowers Foods by 18,254.5% during the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company's stock valued at $45,000 after buying an additional 2,008 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Flowers Foods during the 3rd quarter valued at $52,000. Brooklyn Investment Group lifted its holdings in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock valued at $54,000 after buying an additional 1,658 shares during the period. Quest Partners LLC lifted its holdings in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company's stock valued at $76,000 after buying an additional 3,294 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Flowers Foods by 84.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company's stock valued at $103,000 after buying an additional 2,041 shares during the period. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Performance

Shares of NYSE:FLO traded down $0.27 during midday trading on Friday, hitting $18.53. The company had a trading volume of 1,431,826 shares, compared to its average volume of 1,964,370. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 3.74 and a beta of 0.38. Flowers Foods, Inc. has a 12-month low of $18.34 and a 12-month high of $26.12. The company has a fifty day moving average of $19.98 and a two-hundred day moving average of $21.74.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. During the same period last year, the business posted $0.20 earnings per share. On average, equities research analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 5.18%. Flowers Foods's payout ratio is presently 84.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FLO shares. StockNews.com cut Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. DA Davidson lowered their price target on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Finally, Truist Financial lowered their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $21.00.

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.