Analytic Investors LLC raised its position in Flowers Foods Inc. (NYSE:FLO) by 4.5% during the third quarter, Holdings Channel reports. The firm owned 3,528,460 shares of the company’s stock after buying an additional 152,518 shares during the period. Analytic Investors LLC owned about 1.70% of Flowers Foods worth $53,351,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Flowers Foods by 33.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,742 shares of the company’s stock worth $108,000 after buying an additional 1,455 shares during the period. Creative Planning boosted its position in Flowers Foods by 3.7% in the third quarter. Creative Planning now owns 8,772 shares of the company’s stock worth $133,000 after buying an additional 313 shares during the period. Advisors Asset Management Inc. boosted its position in Flowers Foods by 18.9% in the second quarter. Advisors Asset Management Inc. now owns 7,524 shares of the company’s stock worth $141,000 after buying an additional 1,194 shares during the period. World Asset Management Inc acquired a new position in Flowers Foods during the third quarter worth approximately $178,000. Finally, Timber Hill LLC acquired a new position in Flowers Foods during the third quarter worth approximately $178,000. 69.41% of the stock is owned by institutional investors.
Flowers Foods Inc. (NYSE:FLO) opened at 19.81 on Thursday. Flowers Foods Inc. has a one year low of $14.35 and a one year high of $21.24. The firm has a 50-day moving average price of $18.81 and a 200 day moving average price of $16.76. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 22.80 and a beta of 0.86.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.00. The company earned $918.80 million during the quarter, compared to analysts’ expectations of $923.81 million. Flowers Foods had a return on equity of 16.16% and a net margin of 4.67%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. Equities analysts expect that Flowers Foods Inc. will post $0.91 earnings per share for the current fiscal year.
FLO has been the subject of a number of research analyst reports. TheStreet raised Flowers Foods from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Flowers Foods in a report on Tuesday, December 13th. Wunderlich assumed coverage on Flowers Foods in a report on Friday, January 13th. They issued a “buy” rating and a $24.00 target price for the company. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 target price on shares of Flowers Foods in a report on Friday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.00.
In related news, CFO R Steve Kinsey sold 89,902 shares of the business’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $19.22, for a total transaction of $1,727,916.44. Following the transaction, the chief financial officer now owns 338,705 shares in the company, valued at approximately $6,509,910.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brad K. Alexander sold 69,850 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $16.23, for a total value of $1,133,665.50. Following the transaction, the chief operating officer now owns 300,685 shares in the company, valued at approximately $4,880,117.55. The disclosure for this sale can be found here. Corporate insiders own 16.87% of the company’s stock.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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