Fuller & Thaler Asset Management Inc. Buys 965,097 Shares of Flowers Foods, Inc. (NYSE:FLO)

Fuller & Thaler Asset Management Inc. grew its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,381,444 shares of the company's stock after acquiring an additional 965,097 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.08% of Flowers Foods worth $90,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Flowers Foods in the 4th quarter valued at $29,000. Brooklyn Investment Group lifted its position in Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock valued at $54,000 after purchasing an additional 1,658 shares during the period. Blue Trust Inc. boosted its stake in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after purchasing an additional 694 shares during the last quarter. GeoWealth Management LLC acquired a new position in Flowers Foods in the fourth quarter valued at approximately $60,000. Finally, Quent Capital LLC boosted 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 last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FLO has been the topic of several recent research reports. Truist Financial reduced their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. DA Davidson cut their target price on shares of 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.00.

Flowers Foods Stock Up 1.0 %

NYSE:FLO opened at $18.40 on Wednesday. The company has a market cap of $3.88 billion, a PE ratio of 15.73, a PEG ratio of 8.72 and a beta of 0.40. The stock has a 50-day simple moving average of $18.61 and a 200 day simple moving average of $20.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a 52-week low of $17.33 and a 52-week high of $26.12.

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, beating 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 last year, the company posted $0.20 EPS. On average, sell-side analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's dividend payout ratio is currently 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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