Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,091,289 shares of the company's stock after selling 55,953 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.52% of Flowers Foods worth $25,176,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FLO. Vanguard Group Inc. raised its stake in shares of Flowers Foods by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 20,148,077 shares of the company's stock worth $453,533,000 after purchasing an additional 84,001 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Flowers Foods by 13.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,092 shares of the company's stock worth $272,000 after acquiring an additional 1,453 shares during the period. Janiczek Wealth Management LLC grew its holdings in Flowers Foods by 111.6% during the first quarter. Janiczek Wealth Management LLC now owns 6,362 shares of the company's stock worth $151,000 after acquiring an additional 3,356 shares during the period. Coston McIsaac & Partners grew its holdings in Flowers Foods by 3.8% during the first quarter. Coston McIsaac & Partners now owns 182,563 shares of the company's stock worth $4,334,000 after acquiring an additional 6,761 shares during the period. Finally, State of Michigan Retirement System grew its holdings in Flowers Foods by 2.2% during the first quarter. State of Michigan Retirement System now owns 47,142 shares of the company's stock worth $1,120,000 after acquiring an additional 1,000 shares during the period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Price Performance

FLO traded down $0.07 during trading on Thursday, hitting $22.30. The company's stock had a trading volume of 587,359 shares, compared to its average volume of 1,155,024. 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, Inc. has a twelve month low of $19.64 and a twelve month high of $26.12. The business's fifty day simple moving average is $22.99 and its 200 day simple moving average is $23.10. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 37.79, a P/E/G ratio of 4.32 and a beta of 0.36.

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

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Friday, September 6th. Flowers Foods's dividend payout ratio is presently 162.71%.

Analyst Ratings Changes

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

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.