JPMorgan Chase & Co. Has $16.56 Million Stock Position in Flowers Foods, Inc. (NYSE:FLO)

JPMorgan Chase & Co. boosted its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 17.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,335 shares of the company's stock after buying an additional 118,583 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Flowers Foods worth $16,556,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Flowers Foods by 12.3% in the third quarter. FMR LLC now owns 28,099 shares of the company's stock valued at $648,000 after purchasing an additional 3,080 shares during the last quarter. Jane Street Group LLC raised 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 valued at $1,681,000 after purchasing an additional 33,480 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Flowers Foods by 4,819.1% during the 3rd quarter. National Bank of Canada FI now owns 57,800 shares of the company's stock valued at $1,333,000 after buying an additional 56,625 shares during the last quarter. Barclays PLC increased its stake in shares of Flowers Foods by 88.6% in the third quarter. Barclays PLC now owns 287,625 shares of the company's stock worth $6,636,000 after buying an additional 135,111 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Flowers Foods by 6.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

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Flowers Foods Price Performance

FLO traded down $0.37 on Tuesday, reaching $18.33. The company had a trading volume of 1,610,101 shares, compared to its average volume of 1,516,338. Flowers Foods, Inc. has a one year low of $17.33 and a one year high of $26.12. The company has a market capitalization of $3.86 billion, a P/E ratio of 15.66, a PEG ratio of 8.72 and a beta of 0.40. The company has a fifty day moving average of $18.68 and a 200-day moving average of $20.42. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data 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 period last year, the business earned $0.20 earnings per share. As a group, equities research analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.24%. Flowers Foods's dividend payout ratio is currently 82.05%.

Analysts Set New Price Targets

Several brokerages have weighed in on FLO. StockNews.com lowered shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. DA Davidson decreased their price target on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, Truist Financial lowered their price objective on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Flowers Foods currently has a consensus rating of "Hold" and a consensus price target of $21.00.

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.