Imprint Wealth LLC Has $326,000 Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Imprint Wealth LLC lifted its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,490 shares of the company’s stock after purchasing an additional 818 shares during the quarter. Imprint Wealth LLC’s holdings in Flowers Foods were worth $326,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. acquired a new position in Flowers Foods in the 3rd quarter valued at $30,000. Financial Connections Group Inc. acquired a new position in Flowers Foods in the 4th quarter valued at $30,000. Fortis Capital Advisors LLC acquired a new position in Flowers Foods in the 4th quarter valued at $30,000. NBC Securities Inc. acquired a new position in Flowers Foods in the 3rd quarter valued at $32,000. Finally, Gladius Capital Management LP grew its stake in Flowers Foods by 46.4% in the 3rd quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock valued at $34,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Insider Buying and Selling at Flowers Foods

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FLO. DA Davidson began coverage on shares of Flowers Foods in a report on Friday, March 1st. They issued a “neutral” rating and a $24.00 price target for the company. StockNews.com raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Flowers Foods has an average rating of “Hold” and an average target price of $24.00.

Flowers Foods Price Performance

Shares of Flowers Foods stock opened at $23.17 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.76 and a current ratio of 1.04. The firm’s 50-day simple moving average is $22.90 and its 200-day simple moving average is $22.27. Flowers Foods, Inc. has a twelve month low of $19.64 and a twelve month high of $29.10. The firm has a market cap of $4.89 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 4.32 and a beta of 0.39.

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

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.97%. Flowers Foods’s dividend payout ratio (DPR) is presently 158.62%.

Flowers Foods 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.