Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 13.7% during the 4th quarter, HoldingsChannel reports. The fund owned 17,837 shares of the company’s stock after selling 2,823 shares during the quarter. Signaturefd LLC’s holdings in Flowers Foods were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group boosted its position in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after acquiring an additional 1,658 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Flowers Foods by 34.4% during 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 last quarter. Quent Capital LLC boosted its position in shares of Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock valued at $63,000 after acquiring an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Flowers Foods by 67.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock valued at $68,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in Flowers Foods by 329,400.0% in the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after buying an additional 3,294 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Down 1.6 %

Shares of NYSE:FLO opened at $18.16 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The firm has a market capitalization of $3.83 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. The firm’s 50-day moving average is $19.07 and its two-hundred day moving average is $21.08. Flowers Foods, Inc. has a 1 year low of $17.98 and a 1 year high of $26.12.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned $0.20 EPS. Analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current 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 paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.29%. Flowers Foods’s dividend payout ratio (DPR) is presently 82.05%.

Analysts Set New Price Targets

FLO has been the topic of several research analyst reports. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. DA Davidson reduced their price objective 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, Truist Financial reduced their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.