Hyman Charles D trimmed its stake in Flowers Foods, Inc. (NYSE:FLO) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 38,426 shares of the company’s stock after selling 1,954 shares during the period. Hyman Charles D’s holdings in Flowers Foods were worth $915,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of Flowers Foods by 428.2% in the 1st quarter. Meeder Asset Management Inc. now owns 7,543 shares of the company’s stock valued at $180,000 after acquiring an additional 6,115 shares during the period. US Bancorp DE raised its stake in shares of Flowers Foods by 4.7% in the 1st quarter. US Bancorp DE now owns 54,391 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,459 shares during the period. JJJ Advisors Inc. increased its stake in Flowers Foods by 167.5% during the 1st quarter. JJJ Advisors Inc. now owns 1,752 shares of the company’s stock worth $42,000 after buying an additional 1,097 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Flowers Foods by 48.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 104,469 shares of the company’s stock worth $2,529,000 after buying an additional 34,079 shares during the period. Finally, CWM LLC increased its stake in Flowers Foods by 110.0% during the 1st quarter. CWM LLC now owns 1,321 shares of the company’s stock worth $31,000 after buying an additional 692 shares during the period. 64.48% of the stock is currently owned by institutional investors and hedge funds.
FLO has been the topic of several recent research reports. Stephens initiated coverage on shares of Flowers Foods in a research note on Tuesday, January 19th. They set an “equal weight” rating and a $25.00 target price on the stock. Jefferies Financial Group cut their target price on shares of Flowers Foods from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, January 12th. Five investment analysts have rated the stock with a hold rating, Flowers Foods currently has a consensus rating of “Hold” and a consensus price target of $24.40.
Flowers Foods (NYSE:FLO) last released its earnings results on Friday, February 12th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Flowers Foods had a return on equity of 19.41% and a net margin of 2.30%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $998.05 million. Sell-side analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Friday, March 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, March 4th. Flowers Foods’s dividend payout ratio (DPR) is currently 83.33%.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.
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