Corient Private Wealth LLC Takes Position in Flowers Foods, Inc. (NYSE:FLO)

Corient Private Wealth LLC purchased a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 32,768 shares of the company's stock, valued at approximately $677,000.

Several other institutional investors have also modified their holdings of the company. Vestcor Inc boosted its position in Flowers Foods by 2.6% during the fourth quarter. Vestcor Inc now owns 391,465 shares of the company's stock worth $8,088,000 after purchasing an additional 10,100 shares in the last quarter. Swiss National Bank boosted its position in shares of Flowers Foods by 0.5% in the 4th quarter. Swiss National Bank now owns 393,463 shares of the company's stock worth $8,129,000 after buying an additional 2,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Flowers Foods in the 4th quarter valued at about $825,000. EverSource Wealth Advisors LLC increased its holdings in Flowers Foods by 67.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company's stock valued at $68,000 after acquiring an additional 1,323 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Flowers Foods by 103.5% during the fourth quarter. HighTower Advisors LLC now owns 56,833 shares of the company's stock worth $1,174,000 after acquiring an additional 28,911 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. DA Davidson dropped their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Truist Financial dropped their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Monday, February 10th. Finally, StockNews.com downgraded Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Flowers Foods currently has an average rating of "Hold" and a consensus price target of $21.00.

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Flowers Foods Trading Up 0.2 %

FLO stock traded up $0.05 during midday trading on Tuesday, hitting $19.06. The stock had a trading volume of 513,058 shares, compared to its average volume of 1,462,682. Flowers Foods, Inc. has a 12-month low of $17.95 and a 12-month high of $26.12. The firm has a market cap of $4.02 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. The company's 50-day moving average price is $18.97 and its 200 day moving average price is $20.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO - Get Free Report) last released 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 return on equity of 19.48% and a net margin of 4.86%. During the same period last year, the company earned $0.20 earnings per share. On average, equities research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.04%. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

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.