Point72 Hong Kong Ltd Has $574,000 Stake in Flowers Foods, Inc. (NYSE:FLO)

Point72 Hong Kong Ltd trimmed its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 74.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,899 shares of the company's stock after selling 72,282 shares during the period. Point72 Hong Kong Ltd's holdings in Flowers Foods were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLO. Hexagon Capital Partners LLC acquired a new position in shares of Flowers Foods in the 3rd quarter worth $29,000. Blue Trust Inc. raised its holdings in shares of Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company's stock valued at $45,000 after acquiring an additional 2,008 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Flowers Foods during the third quarter valued at approximately $52,000. Headlands Technologies LLC purchased a new stake in shares of Flowers Foods in the 2nd quarter valued at approximately $59,000. Finally, Quest Partners LLC boosted its stake in Flowers Foods by 329,400.0% in the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company's stock worth $76,000 after purchasing an additional 3,294 shares during the period. 75.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Flowers Foods Stock Down 1.4 %

Shares of NYSE FLO traded down $0.32 during mid-day trading on Tuesday, reaching $22.52. The company had a trading volume of 1,166,911 shares, compared to its average volume of 1,191,279. Flowers Foods, Inc. has a 12-month low of $21.20 and a 12-month high of $26.12. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 4.35 and a beta of 0.37. The stock has a fifty day moving average of $22.43 and a two-hundred day moving average of $22.64.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.29 earnings per share. Flowers Foods's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.26%. Flowers Foods's payout ratio is 84.21%.

Flowers Foods 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.