Sei Investments Co. Sells 107,262 Shares of Flowers Foods, Inc. (NYSE:FLO)

Sei Investments Co. cut its holdings in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199,302 shares of the company's stock after selling 107,262 shares during the period. Sei Investments Co. owned about 0.09% of Flowers Foods worth $4,118,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FLO. Cerity Partners LLC raised its holdings in Flowers Foods by 15.5% during the 3rd quarter. Cerity Partners LLC now owns 23,596 shares of the company's stock valued at $544,000 after buying an additional 3,173 shares during the period. D.A. Davidson & CO. increased its position in Flowers Foods by 4.4% during the third quarter. D.A. Davidson & CO. now owns 11,819 shares of the company's stock valued at $273,000 after acquiring an additional 500 shares during the last quarter. FMR LLC raised its stake in shares of Flowers Foods by 12.3% in the third quarter. FMR LLC now owns 28,099 shares of the company's stock valued at $648,000 after acquiring an additional 3,080 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Flowers Foods by 94.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 180,227 shares of the company's stock worth $4,158,000 after acquiring an additional 87,654 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Flowers Foods by 1.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company's stock worth $13,519,000 after acquiring an additional 7,844 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

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Flowers Foods Trading Down 2.7 %

FLO stock traded down $0.51 during mid-day trading on Monday, reaching $18.32. The company had a trading volume of 2,594,196 shares, compared to its average volume of 1,495,539. The company has a market capitalization of $3.86 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 8.72 and a beta of 0.40. The firm has a 50 day moving average of $18.87 and a 200 day moving average of $20.65. Flowers Foods, Inc. has a 12 month low of $17.95 and a 12 month high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.20 EPS. On average, equities analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.24%. The ex-dividend date was Friday, February 28th. Flowers Foods's payout ratio is 82.05%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FLO shares. StockNews.com lowered shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Truist Financial reduced their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Monday, February 10th. Finally, DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Flowers Foods currently has an average rating of "Hold" and a consensus price target of $21.00.

Flowers Foods Company 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.