Jones Financial Companies Lllp Makes New Investment in Flowers Foods, Inc. (NYSE:FLO)

Jones Financial Companies Lllp acquired a new stake in shares of Flowers Foods, Inc. (NYSE:FLOFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,750 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Financial Connections Group Inc. acquired a new position in Flowers Foods in the 4th quarter worth $30,000. NBC Securities Inc. acquired a new position in shares of Flowers Foods in the third quarter worth about $32,000. Gladius Capital Management LP lifted its stake in shares of Flowers Foods by 46.4% in the third quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock worth $34,000 after acquiring an additional 488 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Flowers Foods during the 4th quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Flowers Foods during the 4th quarter valued at approximately $50,000. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Stock Performance

Shares of FLO opened at $23.08 on Friday. The stock has a market capitalization of $4.87 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 5.94 and a beta of 0.37. The business’s fifty day moving average price is $24.01 and its 200 day moving average price is $23.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.11 and a quick ratio of 0.82. Flowers Foods, Inc. has a 12-month low of $19.64 and a 12-month high of $26.33.

Flowers Foods (NYSE:FLOGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Flowers Foods had a return on equity of 18.35% and a net margin of 2.45%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Flowers Foods, Inc. will post 1.24 EPS for the current year.

Flowers Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, June 6th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.16%. Flowers Foods’s dividend payout ratio is 155.93%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FLO shares. StockNews.com raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 25th. DA Davidson increased their price objective on shares of Flowers Foods from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Flowers Foods from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.00.

Check Out Our Latest Analysis on Flowers Foods

Insider Transactions at Flowers Foods

In related news, Director Edward J. Jr. Casey acquired 5,000 shares of Flowers Foods stock in a transaction that occurred on Tuesday, April 2nd. The stock was acquired at an average price of $23.55 per share, for a total transaction of $117,750.00. Following the transaction, the director now directly owns 20,330 shares of the company’s stock, valued at approximately $478,771.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Flowers Foods news, insider Terry S. Thomas sold 36,577 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $23.11, for a total value of $845,294.47. Following the sale, the insider now owns 42,740 shares in the company, valued at $987,721.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward J. Jr. Casey acquired 5,000 shares of Flowers Foods stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average price of $23.55 per share, with a total value of $117,750.00. Following the completion of the transaction, the director now owns 20,330 shares of the company’s stock, valued at approximately $478,771.50. The disclosure for this purchase can be found here. Insiders own 11.42% of the company’s stock.

About Flowers Foods

(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 items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.

See Also

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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