Thomasville National Bank grew its stake in Flowers Foods, Inc. (NYSE:FLO) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 756,969 shares of the company’s stock after buying an additional 6,147 shares during the quarter. Flowers Foods accounts for approximately 2.5% of Thomasville National Bank’s portfolio, making the stock its 10th biggest position. Thomasville National Bank owned approximately 0.36% of Flowers Foods worth $16,457,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in Flowers Foods during the 2nd quarter worth approximately $25,000. FMR LLC increased its position in Flowers Foods by 131.6% in the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after acquiring an additional 1,295 shares during the period. Seeyond acquired a new stake in Flowers Foods in the 2nd quarter valued at approximately $105,000. Captrust Financial Advisors acquired a new stake in Flowers Foods in the 2nd quarter valued at approximately $115,000. Finally, Point72 Asset Management L.P. acquired a new stake in Flowers Foods in the 2nd quarter valued at approximately $144,000. Institutional investors and hedge funds own 64.93% of the company’s stock.
Shares of FLO stock traded down $0.08 during mid-day trading on Tuesday, hitting $21.30. 265,480 shares of the stock traded hands, compared to its average volume of 955,312. Flowers Foods, Inc. has a twelve month low of $18.53 and a twelve month high of $24.35. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 22.66 and a beta of 0.37. The company’s 50-day simple moving average is $21.64 and its 200-day simple moving average is $22.46. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 1.08.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Flowers Foods had a return on equity of 15.74% and a net margin of 4.48%. The company had revenue of $966.56 million for the quarter, compared to analysts’ expectations of $947.50 million. During the same period last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that Flowers Foods, Inc. will post 0.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Wednesday, November 27th. Flowers Foods’s payout ratio is 80.85%.
Several analysts recently commented on the company. ValuEngine cut Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank started coverage on Flowers Foods in a research report on Wednesday, December 11th. They issued a “hold” rating and a $21.00 target price on the stock. Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research report on Thursday, September 19th. Finally, DA Davidson lowered their price target on Flowers Foods from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.50.
In related news, CMO Debo Mukherjee bought 1,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $21.35 per share, for a total transaction of $35,227.50. Following the acquisition, the chief marketing officer now directly owns 3,200 shares of the company’s stock, valued at approximately $68,320. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.17% of the company’s stock.
About Flowers Foods
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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