68,400 Shares in Flowers Foods, Inc. (NYSE:FLO) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,400 shares of the company's stock, valued at approximately $1,413,000.

Several other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group raised 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 worth $54,000 after buying an additional 1,658 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Flowers Foods by 34.4% in the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after acquiring an additional 694 shares during the period. Quent Capital LLC raised its holdings in shares of Flowers Foods by 104.2% during the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after purchasing an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Flowers Foods by 67.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company's stock valued at $68,000 after purchasing an additional 1,323 shares during the period. Finally, Quest Partners LLC boosted its holdings in Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company's stock valued at $76,000 after purchasing an additional 3,294 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

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Flowers Foods Price Performance

FLO stock traded down $0.05 during mid-day trading on Wednesday, reaching $18.89. 782,072 shares of the company's stock were exchanged, compared to its average volume of 2,177,342. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 16.15, 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 stock's 50 day moving average is $18.96 and its 200 day moving average is $20.79. 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 posted its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates 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 earnings per share. On average, research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 5.08%. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FLO shares. StockNews.com lowered Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. DA Davidson reduced their price target on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research 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 on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Flowers Foods presently has a consensus rating of "Hold" and a consensus target price 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.