D.A. Davidson & CO. cut its holdings in Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,347 shares of the company's stock after selling 2,028 shares during the quarter. D.A. Davidson & CO.'s holdings in Flowers Foods were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of FLO. Envestnet Asset Management Inc. grew its holdings in shares of Flowers Foods by 7.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 49,648 shares of the company's stock worth $1,364,000 after acquiring an additional 3,234 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Flowers Foods by 60.4% during the 4th quarter. Victory Capital Management Inc. now owns 46,573 shares of the company's stock worth $1,279,000 after acquiring an additional 17,529 shares during the period. Bank of America Corp DE grew its holdings in shares of Flowers Foods by 5.9% during the 4th quarter. Bank of America Corp DE now owns 712,946 shares of the company's stock worth $19,585,000 after acquiring an additional 39,900 shares during the period. Coastline Trust Co purchased a new position in shares of Flowers Foods during the 4th quarter worth approximately $212,000. Finally, Krane Funds Advisors LLC purchased a new position in shares of Flowers Foods during the 4th quarter worth approximately $384,000. 77.15% of the stock is owned by institutional investors.
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Insider Activity at Flowers Foods
In other Flowers Foods news, Director Thomas Caldecot Chubb III acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average cost of $27.50 per share, with a total value of $82,500.00. Following the transaction, the director now owns 23,051 shares of the company's stock, valued at approximately $633,902.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas Caldecot Chubb III purchased 3,000 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were purchased at an average cost of $27.50 per share, with a total value of $82,500.00. Following the acquisition, the director now directly owns 23,051 shares of the company's stock, valued at $633,902.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryals Mcmullian sold 143,020 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $27.97, for a total value of $4,000,269.40. Following the transaction, the chief executive officer now directly owns 1,781,580 shares in the company, valued at $49,830,792.60. The disclosure for this sale can be found here. 11.79% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
FLO has been the topic of a number of research analyst reports. StockNews.com upgraded Flowers Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Flowers Foods from $27.00 to $26.00 in a research report on Monday, May 23rd.
Flowers Foods Stock Performance
Shares of FLO opened at $26.95 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.62. The business's 50 day moving average price is $27.41 and its 200-day moving average price is $26.64. Flowers Foods, Inc. has a 52 week low of $22.78 and a 52 week high of $29.73. The stock has a market cap of $5.71 billion, a P/E ratio of 26.68 and a beta of 0.29.
Flowers Foods (NYSE:FLO – Get Rating) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. Flowers Foods had a return on equity of 18.62% and a net margin of 4.75%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the firm posted $0.32 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.
Flowers Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.88 annualized dividend and a yield of 3.27%. Flowers Foods's dividend payout ratio (DPR) is presently 87.13%.
Flowers Foods Profile
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Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.
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