Verition Fund Management LLC reduced its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 69.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,440 shares of the company's stock after selling 53,732 shares during the quarter. Verition Fund Management LLC's holdings in Flowers Foods were worth $541,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Hexagon Capital Partners LLC bought a new position in shares of Flowers Foods during the 3rd quarter worth $29,000. Blue Trust Inc. increased its position in Flowers Foods by 18,254.5% during the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company's stock valued at $45,000 after purchasing an additional 2,008 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Flowers Foods in the 3rd quarter valued at about $52,000. Headlands Technologies LLC purchased a new stake in shares of Flowers Foods in the 2nd quarter worth approximately $59,000. Finally, Quest Partners LLC lifted its position in shares of 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 currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th.
Check Out Our Latest Report on Flowers Foods
Flowers Foods Stock Down 0.3 %
FLO traded down $0.06 on Thursday, hitting $21.23. The company had a trading volume of 1,452,178 shares, compared to its average volume of 1,201,052. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 4.16 and a beta of 0.37. The stock has a fifty day moving average price of $22.29 and a 200-day moving average price of $22.56. Flowers Foods, Inc. has a 12-month low of $21.19 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.
Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. Analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.
Flowers Foods Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.52%. Flowers Foods's payout ratio is 84.21%.
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.
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