Quantbot Technologies LP Raises Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Quantbot Technologies LP raised its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 193.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,160 shares of the company's stock after buying an additional 50,835 shares during the quarter. Quantbot Technologies LP's holdings in Flowers Foods were worth $1,780,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AMG National Trust Bank bought a new position in shares of Flowers Foods in the 2nd quarter valued at about $711,000. Assenagon Asset Management S.A. lifted its holdings in shares of Flowers Foods by 267.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 204,371 shares of the company's stock valued at $4,537,000 after acquiring an additional 148,753 shares during the last quarter. Thomasville National Bank raised its stake in shares of Flowers Foods by 30.2% in the third quarter. Thomasville National Bank now owns 429,014 shares of the company's stock valued at $9,897,000 after acquiring an additional 99,599 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Flowers Foods by 1.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,147,242 shares of the company's stock valued at $25,469,000 after acquiring an additional 18,852 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Flowers Foods by 99.2% in the second quarter. American Century Companies Inc. now owns 181,926 shares of the company's stock valued at $4,039,000 after acquiring an additional 90,587 shares during the period. Institutional investors own 75.45% of the company's stock.

Flowers Foods Stock Up 0.6 %

Shares of NYSE FLO opened at $22.62 on Friday. 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 firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 4.33 and a beta of 0.36. The stock has a 50 day moving average price of $22.44 and a 200 day moving average price of $22.71. Flowers Foods, Inc. has a 52-week low of $20.50 and a 52-week high of $26.12.

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

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.24%. Flowers Foods's dividend payout ratio is presently 84.21%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Flowers Foods from a "strong-buy" rating to a "buy" rating in a research 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.