Signature Wealth Management Group Increases Stake in Flowers Foods, Inc. (NYSE:FLO)

Signature Wealth Management Group grew its position in Flowers Foods, Inc. (NYSE:FLO) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,555 shares of the company’s stock after acquiring an additional 12,245 shares during the quarter. Flowers Foods comprises about 1.4% of Signature Wealth Management Group’s portfolio, making the stock its 29th largest position. Signature Wealth Management Group’s holdings in Flowers Foods were worth $3,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FLO. Brooklyn Investment Group increased its stake in Flowers Foods by 171.8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after buying an additional 1,658 shares during the period. Blue Trust Inc. increased 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 worth $56,000 after buying an additional 694 shares during the period. Quent Capital LLC increased its stake in Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after buying an additional 1,556 shares during the period. EverSource Wealth Advisors LLC increased its stake in Flowers Foods by 67.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock worth $68,000 after buying an additional 1,323 shares during the period. Finally, Quest Partners LLC increased its stake in 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 buying an additional 3,294 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reduced their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. DA Davidson dropped their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Flowers Foods presently has a consensus rating of “Hold” and an average target price of $21.00.

Flowers Foods Stock Down 0.8 %

NYSE:FLO opened at $18.39 on Friday. Flowers Foods, Inc. has a fifty-two week low of $17.99 and a fifty-two week high of $26.12. The stock has a market capitalization of $3.88 billion, a P/E ratio of 15.71, a P/E/G 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 company’s 50-day simple moving average is $19.20 and its 200-day simple moving average is $21.19.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results 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 net margin of 4.86% and a return on equity of 19.48%. During the same period in the previous year, the company posted $0.20 EPS. On average, equities analysts anticipate 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. Investors of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is presently 82.05%.

Flowers Foods 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.