Teacher Retirement System of Texas boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 98.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 174,056 shares of the company's stock after purchasing an additional 86,510 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Flowers Foods worth $3,596,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of FLO. Brooklyn Investment Group grew its holdings in shares of Flowers Foods by 171.8% in 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. Blue Trust Inc. lifted its holdings in Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after acquiring an additional 694 shares in the last quarter. Quent Capital LLC grew its stake in Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company's stock valued at $63,000 after acquiring an additional 1,556 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Flowers Foods by 67.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company's stock worth $68,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Flowers Foods by 329,400.0% during the third quarter. Quest Partners LLC now owns 3,295 shares of the company's stock worth $76,000 after purchasing an additional 3,294 shares during the period. Institutional investors own 75.45% of the company's stock.
Flowers Foods Stock Up 1.9 %
Shares of NYSE FLO traded up $0.36 during mid-day trading on Thursday, hitting $18.85. The company had a trading volume of 1,040,122 shares, compared to its average volume of 1,388,096. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $18.99 and a two-hundred day simple moving average of $20.91. The company has a market capitalization of $3.97 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a one year low of $17.95 and a one year high of $26.12.
Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $0.20 EPS. On average, equities analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current year.
Flowers Foods Announces Dividend
The business also recently disclosed 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 of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 5.09%. Flowers Foods's dividend payout ratio is currently 82.05%.
Analysts Set New Price Targets
FLO has been the subject of several research analyst reports. 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 research report on Monday, February 10th. DA Davidson reduced their price target on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, StockNews.com lowered shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.00.
Check Out Our Latest Stock Analysis on FLO
About Flowers Foods
(
Free Report)
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.
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