Vident Investment Advisory LLC boosted its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 101.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,323 shares of the company’s stock after buying an additional 19,794 shares during the quarter. Vident Investment Advisory LLC’s holdings in Flowers Foods were worth $759,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Truewealth LLC purchased a new position in Flowers Foods during the 4th quarter worth approximately $119,000. Advisor Group Inc. raised its position in Flowers Foods by 77.8% during the 4th quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock worth $132,000 after buying an additional 2,990 shares during the last quarter. Ffcm LLC raised its position in Flowers Foods by 1,298.6% during the 3rd quarter. Ffcm LLC now owns 6,965 shares of the company’s stock worth $131,000 after buying an additional 6,467 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Flowers Foods by 48.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after buying an additional 3,266 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Flowers Foods during the 4th quarter worth approximately $195,000. 62.94% of the stock is owned by institutional investors.
FLO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, February 19th. Pivotal Research reaffirmed a “buy” rating and set a $26.00 price objective (up previously from $23.00) on shares of Flowers Foods in a research note on Friday, January 12th. Stephens reaffirmed a “hold” rating and set a $20.00 price objective on shares of Flowers Foods in a research note on Friday, February 9th. Finally, TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.33.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $873.60 million for the quarter, compared to analysts’ expectations of $860.34 million. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. research analysts forecast that Flowers Foods, Inc. will post 1.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.27%. Flowers Foods’s payout ratio is 95.77%.
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Flowers Foods 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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