Arcadia Investment Management Corp MI Sells 525 Shares of Flowers Foods, Inc. (NYSE:FLO)

Arcadia Investment Management Corp MI cut its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,640 shares of the company’s stock after selling 525 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Flowers Foods were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Flowers Foods by 2.0% in the second quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock worth $528,000 after acquiring an additional 466 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its holdings in Flowers Foods by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock worth $1,172,000 after acquiring an additional 500 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Flowers Foods by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock worth $482,000 after acquiring an additional 603 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Flowers Foods by 0.5% in the first quarter. Texas Permanent School Fund Corp now owns 166,773 shares of the company’s stock worth $3,961,000 after acquiring an additional 809 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Flowers Foods by 5.6% in the second quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock worth $354,000 after acquiring an additional 842 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on FLO shares. StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 18th. BNP Paribas initiated coverage on Flowers Foods in a report on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Flowers Foods has an average rating of “Hold” and a consensus target price of $22.75.

Flowers Foods Stock Down 0.1 %

FLO stock opened at $22.20 on Friday. Flowers Foods, Inc. has a 1-year low of $19.64 and a 1-year high of $26.12. The business has a fifty day moving average price of $22.90 and a 200-day moving average price of $23.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91. The stock has a market capitalization of $4.68 billion, a P/E ratio of 36.39, a P/E/G ratio of 4.32 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Equities analysts forecast that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Friday, September 6th. Flowers Foods’s dividend payout ratio (DPR) is presently 157.38%.

About Flowers Foods

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.