Fox Run Management L.L.C. Invests $359,000 in Flowers Foods, Inc. (NYSE:FLO)

Fox Run Management L.L.C. bought a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,380 shares of the company's stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Flowers Foods by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company's stock worth $95,971,000 after buying an additional 259,216 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Flowers Foods by 642.6% in the fourth 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 in the last quarter. Jane Street Group LLC increased its position in 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 purchasing an additional 33,480 shares during the period. Teacher Retirement System of Texas raised its holdings in Flowers Foods by 98.8% in the 4th quarter. Teacher Retirement System of Texas now owns 174,056 shares of the company's stock worth $3,596,000 after purchasing an additional 86,510 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Flowers Foods in the 4th quarter worth $825,000. 75.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FLO shares. Truist Financial lowered their target price 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. StockNews.com downgraded Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. Finally, 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 note on Monday, February 10th. One 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.00.

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Flowers Foods Stock Performance

Flowers Foods stock traded up $0.03 during mid-day trading on Friday, reaching $18.87. 998,259 shares of the stock traded hands, compared to its average volume of 1,465,382. The business's 50-day moving average is $18.98 and its 200-day moving average is $20.84. The stock has a market capitalization of $3.98 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a 12-month low of $17.95 and a 12-month high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share 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 period in the prior year, the firm earned $0.20 EPS. As a group, sell-side analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.09%. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

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.