Parkwood LLC cut its position in Flowers Foods, Inc. (NYSE:FLO) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,116 shares of the company’s stock after selling 4,051 shares during the period. Parkwood LLC’s holdings in Flowers Foods were worth $210,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. TNB Financial acquired a new position in Flowers Foods during the first quarter worth approximately $20,125,000. Oxbow Advisors LLC increased its position in Flowers Foods by 1.6% in the first quarter. Oxbow Advisors LLC now owns 23,440 shares of the company’s stock worth $455,000 after buying an additional 365 shares in the last quarter. Prudential Financial Inc. increased its position in Flowers Foods by 186.5% in the first quarter. Prudential Financial Inc. now owns 302,816 shares of the company’s stock worth $5,878,000 after buying an additional 197,120 shares in the last quarter. Norges Bank acquired a new position in Flowers Foods during the fourth quarter worth approximately $25,343,000. Finally, Janus Capital Management LLC increased its position in Flowers Foods by 123.8% in the first quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock worth $1,663,000 after buying an additional 47,400 shares in the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.
Shares of Flowers Foods, Inc. (NYSE:FLO) traded up 1.87% during midday trading on Monday, hitting $18.01. 1,361,123 shares of the company were exchanged. The company’s 50 day moving average price is $17.54 and its 200 day moving average price is $18.78. Flowers Foods, Inc. has a one year low of $14.51 and a one year high of $21.00. The firm has a market cap of $3.77 billion, a P/E ratio of 23.73 and a beta of 0.97.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The firm had revenue of $926.64 million for the quarter, compared to analyst estimates of $931.26 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts expect that Flowers Foods, Inc. will post $0.86 EPS for the current year.
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A number of equities analysts have commented on FLO shares. Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. BidaskClub downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $23.00 price target on shares of Flowers Foods in a report on Friday, May 26th. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.67.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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