51,651 Shares in Flowers Foods, Inc. (NYSE:FLO) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,651 shares of the company's stock, valued at approximately $1,067,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLO. Geode Capital Management LLC raised its stake in shares of Flowers Foods by 6.6% in the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company's stock worth $95,971,000 after purchasing an additional 259,216 shares during the last quarter. Virtu Financial LLC purchased a new position in Flowers Foods during the fourth quarter worth about $276,000. SG Americas Securities LLC grew its position in Flowers Foods by 642.6% in the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock worth $2,348,000 after purchasing an additional 98,335 shares in the last quarter. Ipsen Advisor Group LLC bought a new position in shares of Flowers Foods during the 4th quarter worth approximately $9,261,000. Finally, Jane Street Group LLC grew its holdings in shares of Flowers Foods by 85.0% in the third quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock valued at $1,681,000 after acquiring an additional 33,480 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Performance

Shares of NYSE FLO traded up $0.20 during midday trading on Thursday, hitting $18.17. The company's stock had a trading volume of 545,084 shares, compared to its average volume of 1,514,904. The stock has a fifty day moving average price of $18.64 and a 200 day moving average price of $20.39. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 8.72 and a beta of 0.40. Flowers Foods, Inc. has a one year low of $17.33 and a one year high of $26.12. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results 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 quarter in the prior year, the company earned $0.20 EPS. On average, research analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's payout ratio is 82.05%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com downgraded Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. Truist Financial decreased their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a report on Monday, February 10th. Finally, DA Davidson reduced their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" 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 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.