Proficio Capital Partners LLC acquired a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,970 shares of the company's stock, valued at approximately $330,000.
Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Flowers Foods by 6.6% in the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company's stock worth $95,971,000 after buying an additional 259,216 shares during the last quarter. SG Americas Securities LLC grew its holdings in Flowers Foods by 642.6% during the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock worth $2,348,000 after acquiring an additional 98,335 shares in the last quarter. Jane Street Group LLC increased its position in shares of Flowers Foods by 85.0% in the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock worth $1,681,000 after purchasing an additional 33,480 shares during the last quarter. KBC Group NV raised its stake in shares of Flowers Foods by 2,156.0% in the 4th quarter. KBC Group NV now owns 136,354 shares of the company's stock valued at $2,817,000 after purchasing an additional 130,310 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Flowers Foods during the fourth quarter worth about $4,461,000. 75.45% of the stock is owned by institutional investors and hedge funds.
Flowers Foods Stock Performance
NYSE FLO traded up $0.03 during trading hours on Friday, reaching $18.87. The company's stock had a trading volume of 998,259 shares, compared to its average volume of 1,465,382. The stock has a market cap of $3.98 billion, a PE ratio of 16.12, a PEG ratio of 8.72 and a beta of 0.41. The business has a 50-day simple moving average of $18.98 and a 200 day simple moving average of $20.86. Flowers Foods, Inc. has a 52 week low of $17.95 and a 52 week high of $26.12. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.
Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same quarter last year, the company posted $0.20 earnings per share. Equities research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.
Flowers Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.09%. Flowers Foods's dividend payout ratio is presently 82.05%.
Analyst Ratings Changes
Several brokerages recently weighed in on FLO. Truist Financial lowered their price objective on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a report on Monday, February 10th. DA Davidson lowered their price target on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, StockNews.com lowered Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Flowers Foods presently has an average rating of "Hold" and an average target price of $21.00.
Check Out Our Latest Analysis on Flowers Foods
Flowers Foods Profile
(
Free Report)
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.
See Also
Before you consider Flowers Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flowers Foods wasn't on the list.
While Flowers Foods currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
