Envestnet Asset Management Inc. lessened its stake in shares of Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,334 shares of the company’s stock after selling 1,058 shares during the period. Envestnet Asset Management Inc.’s holdings in Flowers Foods were worth $1,062,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of FLO. EverSource Wealth Advisors LLC bought a new position in shares of Flowers Foods during the 2nd quarter worth approximately $104,000. Meeder Asset Management Inc. acquired a new stake in Flowers Foods during the 1st quarter valued at $122,000. Long Road Investment Counsel LLC acquired a new stake in Flowers Foods during the 2nd quarter valued at $202,000. True Link Financial Advisors LLC acquired a new stake in Flowers Foods during the 1st quarter valued at $204,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Flowers Foods during the 2nd quarter valued at $204,000. Institutional investors own 77.15% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 17th.
Flowers Foods Trading Up 0.3 %
Flowers Foods Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.97%. Flowers Foods’s dividend payout ratio (DPR) is currently 86.28%.
Flowers Foods Profile
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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