21,217 Shares in Flowers Foods, Inc. (NYSE:FLO) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,217 shares of the company's stock, valued at approximately $438,000.

Several other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance increased its stake in shares of Flowers Foods by 16.5% during the fourth quarter. Independent Advisor Alliance now owns 15,559 shares of the company's stock valued at $321,000 after buying an additional 2,202 shares during the period. Moran Wealth Management LLC purchased a new position in shares of Flowers Foods during the fourth quarter valued at $3,940,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Flowers Foods by 12.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,758 shares of the company's stock valued at $904,000 after buying an additional 4,933 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Flowers Foods by 9.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 33,185 shares of the company's stock valued at $686,000 after buying an additional 2,785 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Flowers Foods during the fourth quarter valued at $12,058,000. Hedge funds and other institutional investors own 75.45% of the company's stock.

Flowers Foods Stock Down 1.6 %

FLO stock traded down $0.29 during trading on Thursday, reaching $18.16. 2,454,775 shares of the company traded hands, compared to its average volume of 1,347,189. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The business has a 50 day simple moving average of $19.11 and a 200 day simple moving average of $21.10. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth 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.

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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 earnings per share for the quarter, beating analysts' consensus estimates 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 in the prior year, the company earned $0.20 EPS. On average, equities research analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.29%. The ex-dividend date was Friday, February 28th. Flowers Foods's dividend payout ratio is presently 82.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. Truist Financial cut their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research note 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 on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.