New Age Alpha Advisors LLC Takes $2.75 Million Position in Flowers Foods, Inc. (NYSE:FLO)

New Age Alpha Advisors LLC acquired a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 133,025 shares of the company's stock, valued at approximately $2,748,000. New Age Alpha Advisors LLC owned 0.06% of Flowers Foods as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Flowers Foods in the fourth quarter valued at $42,591,000. Raymond James Financial Inc. purchased a new stake in Flowers Foods in the 4th quarter worth about $12,058,000. Vanguard Group Inc. boosted its position in Flowers Foods by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,737,981 shares of the company's stock worth $469,767,000 after acquiring an additional 518,745 shares during the period. Ipsen Advisor Group LLC acquired a new stake in Flowers Foods during the 4th quarter worth about $9,261,000. Finally, Geode Capital Management LLC grew its stake in Flowers Foods by 6.6% during the 3rd 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. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Stock Up 0.7 %

FLO traded up $0.14 during midday trading on Thursday, hitting $19.10. 1,168,490 shares of the company's stock traded hands, compared to its average volume of 1,472,186. 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 cap of $4.03 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. The stock's fifty day simple moving average is $18.94 and its 200-day simple moving average is $20.77. Flowers Foods, Inc. has a one year low of $17.95 and a one year high of $26.12.

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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, beating 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 prior year, the company posted $0.20 EPS. As a group, equities analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 dividend yield of 5.03%. Flowers Foods's dividend payout ratio is currently 82.05%.

Analysts Set New Price Targets

Several research firms recently commented on FLO. 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. StockNews.com lowered shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. Finally, Truist Financial lowered their price target 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Flowers Foods has an average rating of "Hold" and a consensus 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.