Flowers Foods (NYSE:FLO) Cut to Buy at StockNews.com

Flowers Foods (NYSE:FLOGet Rating) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Flowers Foods Stock Performance

NYSE:FLO opened at $29.59 on Friday. The firm’s 50-day moving average is $27.01 and its 200-day moving average is $26.88. Flowers Foods has a 52-week low of $24.15 and a 52-week high of $29.73. 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 company has a market cap of $6.25 billion, a price-to-earnings ratio of 29.01 and a beta of 0.38.

Institutional Trading of Flowers Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Flowers Foods by 2.2% in the third quarter. Vanguard Group Inc. now owns 19,913,247 shares of the company’s stock valued at $491,657,000 after acquiring an additional 426,547 shares during the period. BlackRock Inc. boosted its position in Flowers Foods by 0.3% in the third quarter. BlackRock Inc. now owns 18,854,729 shares of the company’s stock valued at $465,523,000 after buying an additional 59,117 shares in the last quarter. Wellington Shields Capital Management LLC lifted its holdings in Flowers Foods by 322.1% in the first quarter. Wellington Shields Capital Management LLC now owns 14,210,765 shares of the company’s stock valued at $365,359,000 after buying an additional 10,843,744 shares during the period. Wellington Shields & Co. LLC lifted its holdings in Flowers Foods by 20,226.8% in the second quarter. Wellington Shields & Co. LLC now owns 6,594,435 shares of the company’s stock valued at $173,566,000 after buying an additional 6,561,993 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Flowers Foods by 8.1% in the first quarter. Renaissance Technologies LLC now owns 5,999,785 shares of the company’s stock valued at $154,254,000 after purchasing an additional 450,441 shares in the last quarter. Institutional investors own 77.15% of the company’s stock.

Flowers Foods Company 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.

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