ExodusPoint Capital Management LP Grows Holdings in Flowers Foods, Inc. (NYSE:FLO)

ExodusPoint Capital Management LP lifted its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 82.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,905 shares of the company's stock after buying an additional 73,697 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.08% of Flowers Foods worth $3,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC grew its stake in Flowers Foods by 15.5% in the 3rd quarter. Cerity Partners LLC now owns 23,596 shares of the company's stock worth $544,000 after acquiring an additional 3,173 shares during the period. FMR LLC increased its stake in shares of Flowers Foods by 12.3% during the 3rd quarter. FMR LLC now owns 28,099 shares of the company's stock valued at $648,000 after acquiring an additional 3,080 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Flowers Foods by 1.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company's stock worth $13,519,000 after acquiring an additional 7,844 shares during the period. Quantinno Capital Management LP boosted its position in shares of Flowers Foods by 20.6% in the third quarter. Quantinno Capital Management LP now owns 238,664 shares of the company's stock worth $5,506,000 after acquiring an additional 40,691 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Flowers Foods by 85.0% in the third quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock valued at $1,681,000 after purchasing an additional 33,480 shares during the period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Trading Up 1.5 %

Shares of Flowers Foods stock traded up $0.27 during trading hours on Friday, hitting $18.47. The company's stock had a trading volume of 1,464,049 shares, compared to its average volume of 1,513,715. The business has a fifty day moving average of $18.69 and a 200 day moving average of $20.47. Flowers Foods, Inc. has a 1-year low of $17.33 and a 1-year high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.89 billion, a PE ratio of 15.79, a P/E/G ratio of 8.72 and a beta of 0.40.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (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 in the prior year, the company posted $0.20 earnings per share. As a group, equities analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLO. StockNews.com downgraded shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. DA Davidson cut their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Truist Financial reduced their target price 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Flowers Foods presently has an average rating of "Hold" and an average price target of $21.00.

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.