Verition Fund Management LLC Buys New Shares in Flowers Foods, Inc. (NYSE:FLO)

Verition Fund Management LLC bought a new stake in Flowers Foods, Inc. (NYSE:FLOGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 42,619 shares of the company’s stock, valued at approximately $1,096,000.

Several other hedge funds have also made changes to their positions in FLO. HWG Holdings LP bought a new stake in shares of Flowers Foods in the fourth quarter valued at about $30,000. Selective Wealth Management Inc. bought a new stake in shares of Flowers Foods in the first quarter valued at about $52,000. Meeder Asset Management Inc. bought a new stake in shares of Flowers Foods in the first quarter valued at about $122,000. Legg Mason Asset Management Japan Co. Ltd. bought a new stake in shares of Flowers Foods in the fourth quarter valued at about $200,000. Finally, True Link Financial Advisors LLC bought a new stake in shares of Flowers Foods in the first quarter valued at about $204,000. Institutional investors own 77.15% of the company’s stock.

Flowers Foods Stock Down 1.3 %

Shares of FLO opened at $25.93 on Wednesday. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 25.67 and a beta of 0.29. The company has a quick ratio of 1.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.62. Flowers Foods, Inc. has a 12 month low of $22.83 and a 12 month high of $29.73. The company has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $26.55.

Flowers Foods (NYSE:FLOGet Rating) last announced 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. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Flowers Foods had a net margin of 4.75% and a return on equity of 18.62%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. Equities analysts predict that Flowers Foods, Inc. will post 1.28 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Thursday, September 1st. Flowers Foods’s dividend payout ratio (DPR) is currently 87.13%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 20th.

Insider Activity

In other news, CEO Ryals Mcmullian sold 143,020 shares of Flowers Foods stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,781,580 shares in the company, valued at $49,830,792.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas Caldecot Chubb III bought 3,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average price of $27.50 per share, for a total transaction of $82,500.00. Following the completion of the purchase, 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 available through the SEC website. Also, CEO Ryals Mcmullian sold 143,020 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $27.97, for a total transaction of $4,000,269.40. Following the completion of the sale, the chief executive officer now directly owns 1,781,580 shares of the company’s stock, valued at approximately $49,830,792.60. The disclosure for this sale can be found here. 11.79% of the stock is currently owned by corporate insiders.

About Flowers Foods

(Get Rating)

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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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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