Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd reduced its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 83.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,834 shares of the company's stock after selling 28,664 shares during the quarter. Point72 DIFC Ltd's holdings in Flowers Foods were worth $135,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FLO. Holocene Advisors LP grew its position in shares of Flowers Foods by 163.2% during the 3rd quarter. Holocene Advisors LP now owns 153,597 shares of the company's stock valued at $3,543,000 after acquiring an additional 95,248 shares during the period. Centiva Capital LP purchased a new stake in shares of Flowers Foods in the third quarter valued at approximately $978,000. ClearAlpha Technologies LP raised its stake in shares of Flowers Foods by 4.4% during the 3rd quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company's stock worth $323,000 after buying an additional 590 shares during the period. Edgestream Partners L.P. lifted its position in shares of Flowers Foods by 423.1% during the 3rd quarter. Edgestream Partners L.P. now owns 306,848 shares of the company's stock valued at $7,079,000 after buying an additional 248,185 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in Flowers Foods in the 3rd quarter valued at $1,571,000. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Price Performance

FLO stock traded up $0.01 during midday trading on Monday, reaching $21.95. The stock had a trading volume of 798,366 shares, compared to its average volume of 1,191,905. Flowers Foods, Inc. has a 52-week low of $21.20 and a 52-week high of $26.12. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 4.16 and a beta of 0.37. The company's fifty day simple moving average is $22.38 and its 200 day simple moving average is $22.60. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.29 earnings per share. Flowers Foods's quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.37%. The ex-dividend date is Friday, November 29th. Flowers Foods's payout ratio is currently 84.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th.

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.