Public Employees Retirement Association of Colorado boosted its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,158 shares of the company’s stock after buying an additional 82 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Flowers Foods were worth $678,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Utah Retirement Systems increased its position in Flowers Foods by 0.3% in the first quarter. Utah Retirement Systems now owns 31,509 shares of the company’s stock valued at $612,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Flowers Foods by 0.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 31,681 shares of the company’s stock worth $615,000 after buying an additional 192 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Flowers Foods by 2.5% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 13,121 shares of the company’s stock worth $255,000 after buying an additional 326 shares in the last quarter. Oxbow Advisors LLC increased its stake 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. Finally, Arcus Capital Partners LLC increased its stake in Flowers Foods by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 59,566 shares of the company’s stock worth $1,156,000 after buying an additional 481 shares in the last quarter. 67.47% of the stock is owned by institutional investors.
Shares of Flowers Foods, Inc. (FLO) opened at 17.87 on Friday. The firm has a market cap of $3.74 billion, a P/E ratio of 23.54 and a beta of 0.97. Flowers Foods, Inc. has a 52-week low of $14.51 and a 52-week high of $21.00. The firm’s 50-day moving average is $17.56 and its 200-day moving average is $18.73.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $931.26 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Analysts anticipate that Flowers Foods, Inc. will post $0.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.81%. Flowers Foods’s dividend payout ratio (DPR) is presently 90.67%.
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A number of analysts have weighed in on FLO shares. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. Jefferies Group LLC reissued a “buy” rating and set a $23.00 target price on shares of Flowers Foods in a research report on Friday, May 26th. BidaskClub raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BMO Capital Markets reissued a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Flowers Foods has a consensus rating of “Hold” and a consensus price target of $19.67.
In other Flowers Foods news, Chairman Amos R. Mcmullian bought 20,000 shares of Flowers Foods stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $17.91 per share, with a total value of $358,200.00. Following the completion of the purchase, the chairman now owns 3,643,717 shares of the company’s stock, valued at $65,258,971.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.81% of the stock is currently owned by insiders.
About Flowers Foods
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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