Flowers Foods, Inc. (NYSE:FLO) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 41,787 shares of the company’s stock after buying an additional 1,111 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Flowers Foods were worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings 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 buying an additional 426,547 shares in the last quarter. BlackRock Inc. increased its stake in Flowers Foods by 0.3% in the 3rd quarter. BlackRock Inc. now owns 18,854,729 shares of the company’s stock valued at $465,523,000 after purchasing an additional 59,117 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Flowers Foods by 8.1% during the first quarter. Renaissance Technologies LLC now owns 5,999,785 shares of the company’s stock worth $154,254,000 after purchasing an additional 450,441 shares during the last quarter. State Street Corp boosted its position in Flowers Foods by 4.5% during the first quarter. State Street Corp now owns 5,595,570 shares of the company’s stock worth $143,862,000 after purchasing an additional 243,369 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Flowers Foods by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,871,950 shares of the company’s stock valued at $99,548,000 after purchasing an additional 252,259 shares during the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

Flowers Foods Stock Performance

NYSE FLO opened at $26.01 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.32 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 26.01 and a beta of 0.40. Flowers Foods, Inc. has a fifty-two week low of $24.15 and a fifty-two week high of $30.16. The business has a fifty day moving average of $27.48 and a 200-day moving average of $28.00.

Flowers Foods (NYSE:FLO – Get Rating) last released its earnings results on Friday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Flowers Foods had a net margin of 4.35% and a return on equity of 17.95%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. As a group, analysts predict that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com started coverage on shares of Flowers Foods in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Flowers Foods from $26.00 to $24.00 in a research report on Monday.

Flowers Foods Profile

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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.