Millennium Management LLC Acquires 38,369 Shares of Flowers Foods, Inc. (NYSE:FLO)

Millennium Management LLC raised its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 738,570 shares of the company's stock after purchasing an additional 38,369 shares during the period. Millennium Management LLC owned approximately 0.35% of Flowers Foods worth $16,396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Flowers Foods in the first quarter valued at approximately $26,000. GAMMA Investing LLC grew its stake in shares of Flowers Foods by 56.6% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company's stock valued at $55,000 after buying an additional 840 shares in the last quarter. Headlands Technologies LLC bought a new stake in Flowers Foods during the second quarter worth $59,000. Versant Capital Management Inc grew its position in shares of Flowers Foods by 7,694.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $66,000 after acquiring an additional 2,924 shares during the period. Finally, HHM Wealth Advisors LLC increased its stake in shares of Flowers Foods by 264.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 3,494 shares of the company's stock worth $78,000 after purchasing an additional 2,534 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Performance

NYSE FLO traded up $0.31 during trading on Friday, reaching $22.40. The company's stock had a trading volume of 970,254 shares, compared to its average volume of 1,188,204. The firm has a 50 day moving average price of $22.97 and a 200 day moving average price of $23.16. Flowers Foods, Inc. has a 12 month low of $19.64 and a 12 month high of $26.12. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly 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. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The firm's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, equities analysts anticipate that Flowers Foods, Inc. will post 1.26 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.96 annualized dividend and a yield of 4.29%. Flowers Foods's dividend payout ratio is currently 162.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FLO. BNP Paribas started coverage on shares of Flowers Foods in a research note on Wednesday, July 10th. They issued an "underperform" rating and a $20.00 target price for the company. StockNews.com downgraded Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Flowers Foods has an average rating of "Hold" and a consensus price target of $22.75.

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.