Flowers Foods, Inc. (FLO) Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808,285 shares of the company’s stock after acquiring an additional 25,472 shares during the quarter. Principal Financial Group Inc. owned 0.38% of Flowers Foods worth $17,669,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Flowers Foods by 4.0% during the first quarter. BlackRock Inc. now owns 15,585,781 shares of the company’s stock valued at $340,704,000 after acquiring an additional 602,337 shares during the period. Wellington Shields & Co. LLC increased its stake in Flowers Foods by 4,675.7% in the 1st quarter. Wellington Shields & Co. LLC now owns 6,678,245 shares of the company’s stock valued at $145,986,000 after buying an additional 6,538,406 shares during the period. Champlain Investment Partners LLC increased its stake in Flowers Foods by 1.5% in the 4th quarter. Champlain Investment Partners LLC now owns 6,054,595 shares of the company’s stock valued at $116,914,000 after buying an additional 87,200 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Flowers Foods by 14.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,940,432 shares of the company’s stock valued at $42,418,000 after buying an additional 246,581 shares during the period. Finally, Northern Trust Corp increased its stake in Flowers Foods by 3.2% in the 1st quarter. Northern Trust Corp now owns 1,627,253 shares of the company’s stock valued at $35,572,000 after buying an additional 50,869 shares during the period. Institutional investors and hedge funds own 66.40% of the company’s stock.

FLO stock opened at $20.33 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. Flowers Foods, Inc. has a 12 month low of $16.80 and a 12 month high of $22.82.



Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, May 16th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a return on equity of 15.87% and a net margin of 3.58%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. equities research analysts predict that Flowers Foods, Inc. will post 1.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.54%. This is an increase from Flowers Foods’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, June 6th. Flowers Foods’s payout ratio is currently 80.90%.

Several research analysts have weighed in on FLO shares. Hilliard Lyons started coverage on shares of Flowers Foods in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. KeyCorp started coverage on shares of Flowers Foods in a research note on Tuesday, March 27th. They issued an “overweight” rating and a $24.00 price objective on the stock. Zacks Investment Research lowered shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. ValuEngine upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Consumer Edge upgraded shares of Flowers Foods from a “neutral” rating to an “outperform” rating in a research note on Monday, May 21st. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods has an average rating of “Hold” and a consensus target price of $22.00.

In other Flowers Foods news, insider David M. Roach sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total value of $221,655.00. Following the completion of the sale, the insider now directly owns 67,801 shares of the company’s stock, valued at $1,431,279.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.20% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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