Susquehanna Fundamental Investments LLC Reduces Position in Flowers Foods, Inc. (NYSE:FLO)

Susquehanna Fundamental Investments LLC decreased its position in Flowers Foods, Inc. (NYSE:FLO) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,254 shares of the company’s stock after selling 3,264 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Flowers Foods were worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in shares of Flowers Foods by 7.8% in the second quarter. Mackenzie Financial Corp now owns 32,341 shares of the company’s stock worth $718,000 after purchasing an additional 2,336 shares during the last quarter. Millennium Management LLC grew its position in Flowers Foods by 5.5% during the second quarter. Millennium Management LLC now owns 738,570 shares of the company’s stock valued at $16,396,000 after buying an additional 38,369 shares during the period. AQR Capital Management LLC grew its position in Flowers Foods by 65.6% during the second quarter. AQR Capital Management LLC now owns 1,314,556 shares of the company’s stock valued at $29,104,000 after buying an additional 520,661 shares during the period. Point72 Hong Kong Ltd increased its holdings in Flowers Foods by 143.6% in the second quarter. Point72 Hong Kong Ltd now owns 97,181 shares of the company’s stock valued at $2,157,000 after buying an additional 57,291 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Flowers Foods by 199.2% in the second quarter. Squarepoint Ops LLC now owns 195,520 shares of the company’s stock worth $4,341,000 after acquiring an additional 130,167 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Up 0.7 %

FLO opened at $23.25 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. Flowers Foods, Inc. has a twelve month low of $19.64 and a twelve month high of $26.12. The company has a market cap of $4.91 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36. The company has a 50-day moving average price of $22.92 and a 200 day moving average price of $23.17.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, August 16th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Sell-side analysts expect that Flowers Foods, Inc. will post 1.26 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, September 6th. Flowers Foods’s payout ratio is 162.71%.

Analyst Ratings Changes

Several brokerages recently weighed in on FLO. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 18th. BNP Paribas began coverage on Flowers Foods in a research report on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Flowers Foods currently has an average rating of “Hold” and an average price target of $22.75.

Flowers Foods Company Profile

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.