13,362 Shares in Flowers Foods, Inc. (NYSE:FLO) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,362 shares of the company's stock, valued at approximately $276,000.

Other hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in shares of Flowers Foods by 4.4% in the third quarter. D.A. Davidson & CO. now owns 11,819 shares of the company's stock valued at $273,000 after buying an additional 500 shares during the period. ClearAlpha Technologies LP increased its holdings in Flowers Foods by 4.4% in the 3rd quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company's stock worth $323,000 after acquiring an additional 590 shares during the last quarter. Blue Trust Inc. raised its stake in Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after acquiring an additional 694 shares during the period. Independent Advisor Alliance lifted its holdings in Flowers Foods by 8.6% during the third quarter. Independent Advisor Alliance now owns 13,357 shares of the company's stock valued at $308,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Flowers Foods by 3.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company's stock valued at $665,000 after purchasing an additional 1,066 shares during the last quarter. Institutional investors own 75.45% of the company's stock.

Flowers Foods Price Performance

Flowers Foods stock traded down $0.09 during midday trading on Tuesday, hitting $18.93. 1,773,249 shares of the company's stock were exchanged, compared to its average volume of 1,469,773. The company has a market cap of $3.99 billion, a P/E ratio of 16.18, a PEG ratio of 8.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. The stock has a 50-day moving average price of $18.96 and a two-hundred day moving average price of $20.79. Flowers Foods, Inc. has a 52-week low of $17.95 and a 52-week high of $26.12.

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Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 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 quarter last year, the business earned $0.20 earnings per share. On average, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, February 28th. Flowers Foods's dividend payout ratio is currently 82.05%.

Analyst Ratings Changes

Several research firms have recently weighed in on FLO. 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 note on Monday, February 10th. DA Davidson reduced their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, StockNews.com downgraded Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.00.

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.