GAM Holding AG raised its position in Flowers Foods, Inc. (NYSE:FLO) by 14.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,753 shares of the company’s stock after purchasing an additional 2,067 shares during the quarter. GAM Holding AG’s holdings in Flowers Foods were worth $390,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC raised its stake in shares of Flowers Foods by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,931,348 shares of the company’s stock valued at $35,671,000 after purchasing an additional 53,099 shares during the period. BNP Paribas Arbitrage SA grew its position in Flowers Foods by 22.3% during the first quarter. BNP Paribas Arbitrage SA now owns 13,278 shares of the company’s stock valued at $283,000 after buying an additional 2,419 shares during the period. Bank of Montreal Can boosted its position in shares of Flowers Foods by 20.9% in the first quarter. Bank of Montreal Can now owns 112,591 shares of the company’s stock worth $2,401,000 after purchasing an additional 19,470 shares during the period. Parallel Advisors LLC boosted its position in shares of Flowers Foods by 140.1% in the first quarter. Parallel Advisors LLC now owns 2,454 shares of the company’s stock worth $52,000 after purchasing an additional 1,432 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Flowers Foods in the first quarter worth approximately $964,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.
Several equities research analysts have recently weighed in on FLO shares. DA Davidson started coverage on Flowers Foods in a report on Monday, August 5th. They issued a “neutral” rating and a $24.00 price objective for the company. ValuEngine cut Flowers Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Flowers Foods has a consensus rating of “Hold” and a consensus target price of $20.50.
Shares of FLO opened at $22.83 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $4.87 billion, a P/E ratio of 24.29 and a beta of 0.42. The firm’s fifty day simple moving average is $22.77 and its two-hundred day simple moving average is $22.45. Flowers Foods, Inc. has a 12 month low of $17.78 and a 12 month high of $24.35.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $975.76 million for the quarter, compared to the consensus estimate of $967.66 million. Flowers Foods had a return on equity of 15.95% and a net margin of 4.44%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. As a group, research analysts predict that Flowers Foods, Inc. will post 0.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 29th. Flowers Foods’s payout ratio is 80.85%.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery. The Direct-Store-Delivery segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Dave's Killer Bread, Tastykake, Wonder, and Cobblestone Bread Company brand names.
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