Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 58.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,317 shares of the company's stock after selling 32,679 shares during the quarter. Russell Investments Group Ltd.'s holdings in Flowers Foods were worth $482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Flowers Foods during the fourth quarter worth approximately $276,000. SG Americas Securities LLC grew its holdings in Flowers Foods by 642.6% during the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock worth $2,348,000 after acquiring an additional 98,335 shares in the last quarter. Ipsen Advisor Group LLC acquired a new position in Flowers Foods during the 4th quarter worth $9,261,000. Jane Street Group LLC increased its position in shares of Flowers Foods by 85.0% in the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock worth $1,681,000 after purchasing an additional 33,480 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Flowers Foods by 98.8% in the 4th quarter. Teacher Retirement System of Texas now owns 174,056 shares of the company's stock valued at $3,596,000 after purchasing an additional 86,510 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLO has been the subject of several research reports. DA Davidson decreased their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Truist Financial reduced their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.00.

Flowers Foods Price Performance

FLO stock opened at $18.25 on Thursday. The firm has a market capitalization of $3.85 billion, a PE ratio of 15.60, a P/E/G ratio of 8.72 and a beta of 0.40. Flowers Foods, Inc. has a one year low of $17.33 and a one year high of $26.12. 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 moving average of $18.61 and a two-hundred day moving average of $20.24.

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

Flowers Foods Announces Dividend

The firm 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. This represents a $0.96 annualized dividend and a yield of 5.26%. The ex-dividend date was Friday, February 28th. 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.

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