Tennessee Valley Asset Management Partners Invests $50,000 in Flowers Foods, Inc. (NYSE:FLO)

Tennessee Valley Asset Management Partners bought a new position in shares of Flowers Foods, Inc. (NYSE:FLO) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,218 shares of the company’s stock, valued at approximately $50,000.

Several other large investors have also made changes to their positions in FLO. Boston Trust Walden Corp raised its stake in shares of Flowers Foods by 37.0% during the 4th quarter. Boston Trust Walden Corp now owns 4,583,334 shares of the company’s stock worth $103,171,000 after buying an additional 1,238,749 shares during the period. Qube Research & Technologies Ltd acquired a new position in Flowers Foods in the 3rd quarter valued at $19,875,000. Ceredex Value Advisors LLC acquired a new position in Flowers Foods in the 4th quarter valued at $11,518,000. Allspring Global Investments Holdings LLC raised its stake in Flowers Foods by 64.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,082,210 shares of the company’s stock valued at $24,361,000 after purchasing an additional 425,988 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Flowers Foods in the 3rd quarter valued at $9,078,000. 75.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Terry S. Thomas sold 36,577 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $23.11, for a total transaction of $845,294.47. Following the completion of the transaction, the insider now directly owns 42,740 shares in the company, valued at approximately $987,721.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Flowers Foods news, Director Edward J. Jr. Casey purchased 5,000 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was acquired at an average cost of $23.55 per share, for a total transaction of $117,750.00. Following the acquisition, the director now owns 20,330 shares in the company, valued at approximately $478,771.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terry S. Thomas sold 36,577 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $23.11, for a total value of $845,294.47. Following the transaction, the insider now owns 42,740 shares of the company’s stock, valued at $987,721.40. The disclosure for this sale can be found here. Corporate insiders own 11.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FLO shares. DA Davidson started coverage on Flowers Foods in a research note on Friday, March 1st. They issued a “neutral” rating and a $24.00 price objective for the company. StockNews.com raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.00.

Flowers Foods Stock Up 0.1 %

Shares of FLO opened at $24.69 on Wednesday. Flowers Foods, Inc. has a 52-week low of $19.64 and a 52-week high of $29.10. The company has a market capitalization of $5.21 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.39. The stock has a fifty day simple moving average of $23.05 and a two-hundred day simple moving average of $22.36. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.78.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, February 9th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Flowers Foods had a return on equity of 18.15% and a net margin of 2.42%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Flowers Foods, Inc. will post 1.25 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, February 29th. Flowers Foods’s dividend payout ratio (DPR) is presently 158.62%.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.