Victory Capital Management Inc. Grows Position in Flowers Foods, Inc. (NYSE:FLO)

Victory Capital Management Inc. increased its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,806 shares of the company's stock after acquiring an additional 29,049 shares during the quarter. Victory Capital Management Inc. owned approximately 0.13% of Flowers Foods worth $5,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Flowers Foods by 6.6% during the 3rd 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 last quarter. SG Americas Securities LLC boosted its position in shares of Flowers Foods by 642.6% during the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock valued at $2,348,000 after acquiring an additional 98,335 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Flowers Foods by 85.0% during the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock valued at $1,681,000 after acquiring an additional 33,480 shares during the last quarter. KBC Group NV lifted its position in Flowers Foods by 2,156.0% in the fourth quarter. KBC Group NV now owns 136,354 shares of the company's stock valued at $2,817,000 after buying an additional 130,310 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in Flowers Foods in the fourth quarter valued at about $4,461,000. Institutional investors and hedge funds own 75.45% of the company's stock.

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Flowers Foods Stock Down 0.9 %

Shares of FLO traded down $0.18 during mid-day trading on Tuesday, hitting $18.60. 1,306,067 shares of the company's stock were exchanged, compared to its average volume of 1,340,409. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a fifty-two week low of $17.99 and a fifty-two 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 stock's 50-day moving average is $19.17 and its 200-day moving average is $21.15.

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

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.16%. Flowers Foods's payout ratio is 82.05%.

Wall Street Analyst Weigh In

A number of research analysts have commented on FLO shares. DA Davidson decreased their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Truist Financial decreased their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.00.

About Flowers Foods

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.