HighTower Advisors LLC Has $1.17 Million Position in Flowers Foods, Inc. (NYSE:FLO)

HighTower Advisors LLC boosted its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 103.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,833 shares of the company's stock after buying an additional 28,911 shares during the quarter. HighTower Advisors LLC's holdings in Flowers Foods were worth $1,174,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FLO. D.A. Davidson & CO. boosted its position in Flowers Foods by 4.4% during the third quarter. D.A. Davidson & CO. now owns 11,819 shares of the company's stock valued at $273,000 after purchasing an additional 500 shares during the last quarter. ClearAlpha Technologies LP increased its stake in shares of Flowers Foods by 4.4% in the third quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company's stock worth $323,000 after purchasing an additional 590 shares during the period. Blue Trust Inc. lifted its position in shares of Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after purchasing an additional 694 shares during the last quarter. Independent Advisor Alliance boosted its stake in Flowers Foods by 8.6% during the 3rd quarter. Independent Advisor Alliance now owns 13,357 shares of the company's stock valued at $308,000 after purchasing an additional 1,063 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Flowers Foods by 3.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company's stock valued at $665,000 after buying an additional 1,066 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

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Flowers Foods Price Performance

Shares of FLO traded up $0.03 during mid-day trading on Friday, reaching $18.87. The company had a trading volume of 998,259 shares, compared to its average volume of 1,465,382. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The company has a market capitalization of $3.98 billion, a P/E ratio of 16.12, a P/E/G ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a twelve month low of $17.95 and a twelve month high of $26.12. The company's 50-day moving average is $18.98 and its 200-day moving average is $20.86.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings data 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 return on equity of 19.48% and a net margin of 4.86%. During the same quarter last year, the company earned $0.20 earnings per share. On average, equities analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's dividend payout ratio is currently 82.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DA Davidson cut their price target on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. StockNews.com downgraded shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. Finally, Truist Financial dropped their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company 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.