American Research & Management Co. increased its position in shares of Flowers Foods Inc. (NYSE:FLO) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 11,201 shares of the company’s stock after buying an additional 200 shares during the period. American Research & Management Co.’s holdings in Flowers Foods were worth $210,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshwinds Advisory Co. boosted its position in Flowers Foods by 1.0% in the second quarter. Marshwinds Advisory Co. now owns 75,662 shares of the company’s stock worth $1,419,000 after buying an additional 740 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Flowers Foods by 3.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 29,292 shares of the company’s stock worth $549,000 after buying an additional 1,091 shares during the last quarter. Americafirst Capital Management LLC boosted its position in Flowers Foods by 1.2% in the second quarter. Americafirst Capital Management LLC now owns 95,432 shares of the company’s stock worth $1,789,000 after buying an additional 1,112 shares during the last quarter. Arcadia Investment Management Corp MI boosted its position in Flowers Foods by 0.7% in the second quarter. Arcadia Investment Management Corp MI now owns 154,927 shares of the company’s stock worth $2,905,000 after buying an additional 1,115 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Flowers Foods by 10.2% in the second quarter. Diversified Trust Co now owns 21,550 shares of the company’s stock worth $404,000 after buying an additional 2,000 shares during the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.
Flowers Foods Inc. (NYSE:FLO) traded down 0.13% during mid-day trading on Wednesday, reaching $15.45. The company’s stock had a trading volume of 1,562,713 shares. The company has a market cap of $3.20 billion, a PE ratio of 17.58 and a beta of 0.77. The firm’s 50 day moving average is $15.11 and its 200-day moving average is $17.37. Flowers Foods Inc. has a 12-month low of $14.35 and a 12-month high of $27.31.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $935 million for the quarter, compared to analyst estimates of $948.98 million. Flowers Foods had a return on equity of 16.39% and a net margin of 4.80%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. Equities analysts anticipate that Flowers Foods Inc. will post $0.91 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Pivotal Research lowered their price objective on Flowers Foods from $8.00 to $4.00 and set a “sell” rating on the stock in a research report on Wednesday, August 10th. Deutsche Bank AG set a $19.00 target price on Flowers Foods and gave the company a “hold” rating in a research note on Friday, August 5th. Jefferies Group decreased their target price on Flowers Foods from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 12th. Finally, DA Davidson initiated coverage on Flowers Foods in a research note on Wednesday, October 5th. They set a “neutral” rating and a $16.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Flowers Foods has a consensus rating of “Hold” and a consensus target price of $17.78.
In other news, insider George E. Deese sold 462,500 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $15.14, for a total value of $7,002,250.00. Following the sale, the insider now owns 3,288,625 shares in the company, valued at $49,789,782.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret G. Lewis bought 1,800 shares of the stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $15.30 per share, for a total transaction of $27,540.00. Following the purchase, the director now directly owns 13,856 shares of the company’s stock, valued at $211,996.80. The disclosure for this purchase can be found here. 16.87% of the stock is owned by insiders.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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