UNIVEST FINANCIAL Corp Sells 16,030 Shares of Flowers Foods, Inc. (NYSE:FLO)

UNIVEST FINANCIAL Corp cut its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,178 shares of the company's stock after selling 16,030 shares during the period. UNIVEST FINANCIAL Corp's holdings in Flowers Foods were worth $1,099,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLO. Natixis Advisors LLC lifted its position in shares of Flowers Foods by 28.7% during the 3rd quarter. Natixis Advisors LLC now owns 17,284 shares of the company's stock worth $399,000 after buying an additional 3,857 shares in the last quarter. Quest Partners LLC lifted its holdings in Flowers Foods by 329,400.0% during the third quarter. Quest Partners LLC now owns 3,295 shares of the company's stock worth $76,000 after acquiring an additional 3,294 shares during the period. Pathstone Holdings LLC lifted its holdings in Flowers Foods by 4.8% during the third quarter. Pathstone Holdings LLC now owns 87,043 shares of the company's stock worth $2,008,000 after acquiring an additional 3,951 shares during the period. Advisors Asset Management Inc. boosted its position in Flowers Foods by 202.4% in the third quarter. Advisors Asset Management Inc. now owns 6,160 shares of the company's stock worth $142,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Flowers Foods by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company's stock valued at $46,327,000 after purchasing an additional 58,141 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

FLO has been the topic of a number of recent analyst reports. DA Davidson lowered their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. Finally, Truist Financial reduced their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research 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 company's stock. Based on data from MarketBeat.com, Flowers Foods currently has an average rating of "Hold" and a consensus price target of $21.00.

Flowers Foods Stock Performance

Flowers Foods stock traded up $0.17 during midday trading on Monday, reaching $19.05. The stock had a trading volume of 1,695,866 shares, compared to its average volume of 1,466,301. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.02 billion, a PE ratio of 16.28, a P/E/G ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a 12 month low of $17.95 and a 12 month high of $26.12. The firm's 50-day moving average price is $18.97 and its 200 day moving average price is $20.82.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same quarter in the previous year, the company posted $0.20 EPS. As a group, research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.04%. Flowers Foods's dividend payout ratio is currently 82.05%.

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.