Denver Investment Advisors LLC Has $15.30 Million Holdings in Flowers Foods, Inc. (FLO)

Denver Investment Advisors LLC cut its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 5.4% during the 1st quarter, Holdings Channel reports. The firm owned 699,774 shares of the company’s stock after selling 39,921 shares during the quarter. Denver Investment Advisors LLC’s holdings in Flowers Foods were worth $15,297,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FLO. Wellington Shields & Co. LLC increased its holdings in Flowers Foods by 4,675.7% during the 1st quarter. Wellington Shields & Co. LLC now owns 6,678,245 shares of the company’s stock worth $145,986,000 after purchasing an additional 6,538,406 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Flowers Foods by 8,253.1% in the 1st quarter. Neuberger Berman Group LLC now owns 1,352,027 shares of the company’s stock worth $29,579,000 after acquiring an additional 1,335,841 shares in the last quarter. BlackRock Inc. grew its position in shares of Flowers Foods by 4.0% in the 1st quarter. BlackRock Inc. now owns 15,585,781 shares of the company’s stock worth $340,704,000 after acquiring an additional 602,337 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of Flowers Foods by 243.0% in the 1st quarter. Federated Investors Inc. PA now owns 789,545 shares of the company’s stock worth $17,259,000 after acquiring an additional 559,387 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Flowers Foods in the 4th quarter worth approximately $10,085,000. Institutional investors own 66.27% of the company’s stock.

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



Several research analysts have recently commented on the company. TheStreet upgraded Flowers Foods from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Stephens reiterated a “hold” rating and issued a $20.00 target price on shares of Flowers Foods in a research report on Friday, February 9th. Berenberg Bank assumed coverage on Flowers Foods in a research report on Monday. They issued a “hold” rating and a $19.00 target price for the company. Consumer Edge upgraded Flowers Foods from a “neutral” rating to an “outperform” rating in a research report on Monday. Finally, ValuEngine lowered Flowers Foods from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Flowers Foods currently has a consensus rating of “Hold” and an average target price of $22.00.

Flowers Foods opened at $19.82 on Thursday, Marketbeat Ratings reports. Flowers Foods, Inc. has a 12-month low of $16.80 and a 12-month high of $22.82. The company has a market cap of $4.11 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.03 and a beta of 0.67. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.63.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, May 16th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Flowers Foods had a net margin of 3.58% and a return on equity of 15.87%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities analysts expect that Flowers Foods, Inc. will post 1.07 EPS for the current fiscal year.

Flowers Foods Profile

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.

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

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