Commonwealth Equity Services LLC lowered its position in Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,980 shares of the company’s stock after selling 1,004 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Flowers Foods were worth $890,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of FLO. Romano Brothers AND Company bought a new stake in Flowers Foods during the 4th quarter valued at $25,000. Spire Wealth Management lifted its holdings in shares of Flowers Foods by 246.3% during the 4th quarter. Spire Wealth Management now owns 1,039 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of Flowers Foods by 350.8% during the 3rd quarter. Ellevest Inc. now owns 1,722 shares of the company’s stock valued at $43,000 after purchasing an additional 1,340 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Flowers Foods during the 3rd quarter valued at $45,000. Finally, MADDEN SECURITIES Corp purchased a new stake in shares of Flowers Foods during the 4th quarter valued at $74,000. Institutional investors own 66.81% of the company’s stock.
Flowers Foods Price Performance
Shares of FLO opened at $25.59 on Tuesday. The business’s 50-day moving average is $27.53 and its two-hundred day moving average is $28.03. The company has a market capitalization of $5.41 billion, a P/E ratio of 25.59 and a beta of 0.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.43. Flowers Foods, Inc. has a fifty-two week low of $24.15 and a fifty-two week high of $30.16.
Analyst Ratings Changes
FLO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Flowers Foods from $26.00 to $24.00 in a report on Monday. StockNews.com initiated coverage on Flowers Foods in a report on Thursday, May 18th. They set a “buy” rating for the company.
Flowers Foods Company Profile
Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.
- Get a free copy of the StockNews.com research report on Flowers Foods (FLO)
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