Swiss National Bank Decreases Position in Flowers Foods, Inc. (NYSE:FLO)

Swiss National Bank decreased its stake in Flowers Foods, Inc. (NYSE:FLOGet Rating) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 473,363 shares of the company’s stock after selling 1,500 shares during the quarter. Swiss National Bank’s holdings in Flowers Foods were worth $12,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in Flowers Foods by 51.8% during the first quarter. SG Americas Securities LLC now owns 76,508 shares of the company’s stock valued at $1,967,000 after buying an additional 26,097 shares in the last quarter. Signaturefd LLC raised its position in shares of Flowers Foods by 5.6% during the 1st quarter. Signaturefd LLC now owns 13,108 shares of the company’s stock worth $337,000 after purchasing an additional 692 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Flowers Foods by 2.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 181,205 shares of the company’s stock worth $4,659,000 after purchasing an additional 3,469 shares during the period. Victory Capital Management Inc. grew its holdings in Flowers Foods by 63.4% in the 1st quarter. Victory Capital Management Inc. now owns 76,104 shares of the company’s stock worth $2,018,000 after buying an additional 29,531 shares in the last quarter. Finally, Autumn Glory Partners LLC grew its holdings in Flowers Foods by 2.6% in the 1st quarter. Autumn Glory Partners LLC now owns 103,590 shares of the company’s stock worth $2,663,000 after buying an additional 2,621 shares in the last quarter. Hedge funds and other institutional investors own 77.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Insider Transactions at Flowers Foods

In related news, Director Thomas Caldecot Chubb III acquired 3,000 shares of Flowers Foods stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average cost of $27.50 per share, with a total value of $82,500.00. Following the purchase, the director now directly owns 23,051 shares in the company, valued at approximately $633,902.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.79% of the company’s stock.

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $28.75 on Friday. The firm has a market cap of $6.07 billion, a P/E ratio of 28.19 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.41. The stock has a fifty day moving average price of $26.75 and a two-hundred day moving average price of $26.80. Flowers Foods, Inc. has a 1 year low of $24.15 and a 1 year high of $29.73.

Flowers Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, December 1st. Flowers Foods’s dividend payout ratio is presently 86.28%.

Flowers Foods Profile

(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.

Further Reading

Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowers Foods, Inc. (NYSE:FLOGet Rating).

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

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