AMG National Trust Bank Makes New Investment in Flowers Foods, Inc. (NYSE:FLO)

AMG National Trust Bank purchased a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,028 shares of the company's stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Flowers Foods during the first quarter valued at approximately $26,000. Lindbrook Capital LLC lifted its stake in Flowers Foods by 80.3% during the first quarter. Lindbrook Capital LLC now owns 1,208 shares of the company's stock valued at $29,000 after purchasing an additional 538 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Flowers Foods during the fourth quarter valued at approximately $34,000. Venturi Wealth Management LLC raised its holdings in shares of Flowers Foods by 2,247.7% during the first quarter. Venturi Wealth Management LLC now owns 1,526 shares of the company's stock valued at $36,000 after acquiring an additional 1,461 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Flowers Foods during the fourth quarter valued at approximately $39,000. 75.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLO. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Flowers Foods from $22.00 to $23.00 and gave the company a "hold" rating in a report on Thursday, May 9th. StockNews.com upgraded shares of Flowers Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 25th. DA Davidson boosted their price target on shares of Flowers Foods from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 17th. Finally, BNP Paribas began coverage on shares of Flowers Foods in a report on Wednesday, July 10th. They set an "underperform" rating and a $20.00 price target on the stock. One research 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 data from MarketBeat, Flowers Foods has a consensus rating of "Hold" and a consensus target price of $22.75.

Flowers Foods Stock Up 1.0 %

FLO stock traded up $0.23 during midday trading on Friday, reaching $23.05. The company had a trading volume of 738,166 shares, compared to its average volume of 1,223,516. Flowers Foods, Inc. has a 1 year low of $19.64 and a 1 year high of $26.12. The company has a current ratio of 1.11, a quick ratio of 0.82 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.87 billion, a P/E ratio of 39.07, a PEG ratio of 5.84 and a beta of 0.36. The company has a 50 day moving average of $22.37 and a two-hundred day moving average of $23.07.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results on Friday, August 16th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Flowers Foods had a net margin of 2.45% and a return on equity of 18.35%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The company's revenue was down .3% compared to the same quarter last year. On average, equities research analysts expect that Flowers Foods, Inc. will post 1.23 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.16%. Flowers Foods's dividend payout ratio is currently 162.71%.

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.