Flowers Foods (NYSE:FLO – Get Rating) had its price target cut by Deutsche Bank Aktiengesellschaft from $26.00 to $24.00 in a research report report published on Monday morning, The Fly reports.
Separately, StockNews.com began coverage on Flowers Foods in a report on Thursday, May 18th. They issued a buy rating for the company.
Flowers Foods Price Performance
FLO opened at $26.11 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.32 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $27.46 and its 200 day moving average price is $27.98. Flowers Foods has a fifty-two week low of $24.15 and a fifty-two week high of $30.16. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 26.16 and a beta of 0.40.
Institutional Trading of Flowers Foods
A number of institutional investors have recently bought and sold shares of the company. Wellington Shields Capital Management LLC raised its stake in shares of Flowers Foods by 2,563.0% during the 4th quarter. Wellington Shields Capital Management LLC now owns 14,174,952 shares of the company’s stock worth $407,388,000 after purchasing an additional 13,642,655 shares in the last quarter. State Street Corp raised its position in Flowers Foods by 206.0% during the first quarter. State Street Corp now owns 17,286,504 shares of the company’s stock valued at $473,823,000 after acquiring an additional 11,637,370 shares in the last quarter. Wellington Shields & Co. LLC lifted its stake in Flowers Foods by 3,245.4% in the fourth quarter. Wellington Shields & Co. LLC now owns 6,849,098 shares of the company’s stock valued at $196,843,000 after acquiring an additional 6,644,368 shares during the last quarter. Macquarie Group Ltd. grew its position in Flowers Foods by 59,422.9% in the fourth quarter. Macquarie Group Ltd. now owns 2,047,587 shares of the company’s stock worth $58,848,000 after acquiring an additional 2,044,147 shares in the last quarter. Finally, Gibson Wealth Advisors LLC increased its stake in shares of Flowers Foods by 6,186.6% during the 4th quarter. Gibson Wealth Advisors LLC now owns 1,406,940 shares of the company’s stock worth $39,526,000 after purchasing an additional 1,384,560 shares during the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.
Flowers Foods Company Profile
Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.
- Get a free copy of the StockNews.com research report on Flowers Foods (FLO)
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