18,872 Shares in Flowers Foods, Inc. (NYSE:FLO) Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,872 shares of the company's stock, valued at approximately $390,000.

A number of other hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group increased its position in Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock worth $54,000 after buying an additional 1,658 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after acquiring an additional 694 shares during the period. Quent Capital LLC increased its holdings in Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after acquiring an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Flowers Foods by 67.7% in 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 during the period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Flowers Foods during the fourth quarter valued at about $245,000. Institutional investors own 75.45% of the company's stock.

Analysts Set New Price Targets

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

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Flowers Foods Price Performance

Flowers Foods stock traded up $0.23 during midday trading on Thursday, reaching $19.19. 1,866,649 shares of the stock were exchanged, compared to its average volume of 1,474,718. Flowers Foods, Inc. has a 52 week low of $17.95 and a 52 week high of $26.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. The firm has a market cap of $4.05 billion, a PE ratio of 16.40, a PEG ratio of 8.72 and a beta of 0.41. The company's fifty day moving average is $18.94 and its 200-day moving average is $20.77.

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

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's payout ratio is 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.