QS Investors LLC boosted its position in Flowers Foods, Inc. (NYSE:FLO) by 190.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,178 shares of the company’s stock after acquiring an additional 105,618 shares during the period. QS Investors LLC owned 0.08% of Flowers Foods worth $2,790,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in FLO. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Flowers Foods by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after acquiring an additional 629 shares in the last quarter. Ledyard National Bank boosted its holdings in Flowers Foods by 6.0% in the second quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock worth $153,000 after acquiring an additional 500 shares in the last quarter. Crescent Grove Advisors LLC bought a new position in Flowers Foods in the second quarter worth approximately $173,000. AMG National Trust Bank bought a new position in Flowers Foods in the second quarter worth approximately $196,000. Finally, ARP Americas LLC bought a new position in Flowers Foods in the second quarter worth approximately $213,000. Institutional investors and hedge funds own 64.66% of the company’s stock.
In other news, Chairman Amos R. Mcmullian acquired 20,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $17.91 per share, with a total value of $358,200.00. Following the transaction, the chairman now owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marta Jones Turner sold 37,062 shares of Flowers Foods stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $17.91, for a total value of $663,780.42. Following the sale, the executive vice president now directly owns 266,444 shares in the company, valued at $4,772,012.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,735 shares of company stock worth $1,818,921. Insiders own 15.81% of the company’s stock.
Flowers Foods, Inc. (NYSE:FLO) opened at 18.70 on Friday. The firm has a 50-day moving average price of $18.06 and a 200 day moving average price of $18.37. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 24.64 and a beta of 1.01. Flowers Foods, Inc. has a one year low of $14.60 and a one year high of $21.00.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $926.64 million for the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Equities analysts expect that Flowers Foods, Inc. will post $0.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.68 annualized dividend and a yield of 3.64%. Flowers Foods’s payout ratio is 90.67%.
Several research analysts have issued reports on the company. BidaskClub upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC lowered Flowers Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $23.00 to $19.00 in a report on Friday, July 28th. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Finally, Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.67.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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