Invesco Ltd. Has $51.14 Million Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Invesco Ltd. lifted its holdings in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,475,242 shares of the company's stock after buying an additional 623,800 shares during the quarter. Invesco Ltd. owned approximately 1.18% of Flowers Foods worth $51,138,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Flowers Foods by 12.3% during the 3rd quarter. FMR LLC now owns 28,099 shares of the company's stock worth $648,000 after purchasing an additional 3,080 shares during the period. Jane Street Group LLC grew its stake in Flowers Foods by 85.0% during the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock worth $1,681,000 after buying an additional 33,480 shares during the last quarter. Barclays PLC increased its position in Flowers Foods by 88.6% in the third quarter. Barclays PLC now owns 287,625 shares of the company's stock worth $6,636,000 after buying an additional 135,111 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Flowers Foods by 6.6% during the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company's stock valued at $95,971,000 after acquiring an additional 259,216 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Flowers Foods by 4.8% during the third quarter. Tidal Investments LLC now owns 27,266 shares of the company's stock worth $629,000 after acquiring an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Stock Down 1.5 %

NYSE:FLO traded down $0.27 during trading hours on Monday, hitting $17.99. 210,049 shares of the company's stock traded hands, compared to its average volume of 1,513,415. Flowers Foods, Inc. has a twelve month low of $17.33 and a twelve month high of $26.12. The firm has a market cap of $3.80 billion, a P/E ratio of 15.37, a P/E/G ratio of 8.72 and a beta of 0.40. 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 stock's fifty day moving average price is $18.62 and its two-hundred day moving average price is $20.30.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm earned $0.20 earnings per share. On average, research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's payout ratio is presently 82.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FLO shares. Truist Financial decreased their price objective on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a report on Monday, February 10th. DA Davidson dropped 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.