Flowers Foods, Inc. (NYSE:FLO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Flowers Foods, Inc. (NYSE:FLOFree Report) by 7.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,196 shares of the company’s stock after selling 27,422 shares during the period. New York State Common Retirement Fund owned 0.15% of Flowers Foods worth $7,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in Flowers Foods during the third quarter valued at approximately $30,000. Fortis Capital Advisors LLC acquired a new position in Flowers Foods during the fourth quarter valued at approximately $30,000. NBC Securities Inc. acquired a new position in Flowers Foods during the third quarter valued at approximately $32,000. Gladius Capital Management LP grew its holdings in Flowers Foods by 46.4% during the third quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock valued at $35,000 after purchasing an additional 488 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Flowers Foods by 12.2% during the second quarter. Huntington National Bank now owns 3,582 shares of the company’s stock valued at $89,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Analyst Upgrades and Downgrades

FLO has been the topic of several analyst reports. TheStreet downgraded Flowers Foods from a “b-” rating to a “c+” rating in a report on Monday, October 16th. StockNews.com upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Truist Financial decreased their price target on shares of Flowers Foods from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Get Our Latest Analysis on FLO

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $22.19 on Friday. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 10.41 and a beta of 0.40. Flowers Foods, Inc. has a one year low of $19.64 and a one year high of $29.10. The business has a fifty day simple moving average of $22.54 and a 200 day simple moving average of $22.58. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76.

Flowers Foods (NYSE:FLOGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Flowers Foods had a net margin of 2.70% and a return on equity of 18.27%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Sell-side analysts expect that Flowers Foods, Inc. will post 1.21 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, November 30th. Flowers Foods’s payout ratio is 143.75%.

Insider Transactions at Flowers Foods

In other Flowers Foods news, CFO R Steve Kinsey acquired 1,780 shares of Flowers Foods stock in a transaction dated Wednesday, December 20th. The stock was bought at an average cost of $22.46 per share, with a total value of $39,978.80. Following the acquisition, the chief financial officer now owns 399,520 shares of the company’s stock, valued at $8,973,219.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Flowers Foods news, CFO R Steve Kinsey acquired 1,780 shares of Flowers Foods stock in a transaction dated Wednesday, December 20th. The stock was bought at an average cost of $22.46 per share, with a total value of $39,978.80. Following the acquisition, the chief financial officer now owns 399,520 shares of the company’s stock, valued at $8,973,219.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryals Mcmullian bought 9,100 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of $21.99 per share, with a total value of $200,109.00. Following the transaction, the chief executive officer now directly owns 849,028 shares in the company, valued at $18,670,125.72. The disclosure for this purchase can be found here. 11.49% of the stock is owned by insiders.

Flowers Foods Profile

(Free Report)

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include 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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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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