By otakuyassine3@gmail.com 
Choreo LLC grew its stake in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 120.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,026 shares of the company’s stock after acquiring an additional 13,678 shares during the period. Choreo LLC’s holdings in Flowers Foods were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of FLO. Geode Capital Management LLC grew its stake in Flowers Foods by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after buying an additional 259,216 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Flowers Foods by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company’s stock worth $46,327,000 after acquiring an additional 58,141 shares during the period. Fisher Asset Management LLC grew its position in shares of Flowers Foods by 1.5% in the third quarter. Fisher Asset Management LLC now owns 854,029 shares of the company’s stock valued at $19,702,000 after purchasing an additional 12,481 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Flowers Foods by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company’s stock worth $13,519,000 after purchasing an additional 7,844 shares during the period. Finally, Ceredex Value Advisors LLC increased its stake in shares of Flowers Foods by 85.4% during the third quarter. Ceredex Value Advisors LLC now owns 540,104 shares of the company’s stock worth $12,460,000 after purchasing an additional 248,800 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FLO. DA Davidson reduced their price target on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial reduced their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday. Finally, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. 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 stock. Based on data from MarketBeat.com, Flowers Foods currently has an average rating of “Hold” and an average target price of $21.00.
View Our Latest Analysis on Flowers Foods
Flowers Foods Trading Up 1.5 %
Shares of NYSE:FLO opened at $18.74 on Wednesday. The business’s 50 day simple moving average is $20.28 and its 200 day simple moving average is $21.84. Flowers Foods, Inc. has a 1 year low of $18.36 and a 1 year high of $26.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. The company has a market capitalization of $3.95 billion, a P/E ratio of 16.44, a P/E/G ratio of 3.74 and a beta of 0.38.
Flowers Foods (NYSE:FLO – Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. During the same quarter last year, the company posted $0.20 EPS. On average, research analysts anticipate that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.
Flowers Foods Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Friday, November 29th. Flowers Foods’s dividend payout ratio is currently 84.21%.
Flowers Foods 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.
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