Thomasville National Bank Has $9.90 Million Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Thomasville National Bank increased its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,014 shares of the company's stock after purchasing an additional 99,599 shares during the quarter. Thomasville National Bank owned approximately 0.20% of Flowers Foods worth $9,897,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Flowers Foods in the first quarter valued at approximately $2,224,000. Capstone Investment Advisors LLC acquired a new stake in shares of Flowers Foods during the first quarter worth $2,422,000. State Board of Administration of Florida Retirement System increased its holdings in Flowers Foods by 10.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 247,530 shares of the company's stock valued at $5,879,000 after purchasing an additional 24,192 shares during the last quarter. AMG National Trust Bank acquired a new position in Flowers Foods in the second quarter valued at about $711,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Flowers Foods during the 1st quarter worth about $4,644,000. Institutional investors own 75.45% of the company's stock.

Wall Street Analysts Forecast Growth

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

Flowers Foods Stock Up 0.9 %

NYSE:FLO traded up $0.20 during trading hours on Monday, reaching $22.73. 416,292 shares of the stock were exchanged, compared to its average volume of 1,174,801. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91. Flowers Foods, Inc. has a twelve month low of $19.64 and a twelve month high of $26.12. The stock has a market cap of $4.80 billion, a PE ratio of 38.53, a PEG ratio of 4.32 and a beta of 0.36. The firm has a 50 day moving average of $22.96 and a 200 day moving average of $23.14.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The firm's revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts expect that Flowers Foods, Inc. will post 1.26 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently declared 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. This represents a $0.96 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Friday, September 6th. Flowers Foods's dividend payout ratio (DPR) is 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.