Strs Ohio grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,661 shares of the company’s stock after acquiring an additional 630 shares during the quarter. Strs Ohio’s holdings in Flowers Foods were worth $473,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in Flowers Foods by 447.4% during the third quarter. Bessemer Group Inc. now owns 6,503 shares of the company’s stock worth $121,000 after buying an additional 5,315 shares during the last quarter. Baird Financial Group Inc. bought a new position in Flowers Foods during the third quarter worth about $201,000. First Hawaiian Bank bought a new position in Flowers Foods during the third quarter worth about $244,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Flowers Foods by 31.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,242 shares of the company’s stock worth $266,000 after buying an additional 3,411 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Flowers Foods by 750.9% during the third quarter. Tower Research Capital LLC TRC now owns 17,606 shares of the company’s stock worth $329,000 after buying an additional 15,537 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.
FLO has been the topic of a number of recent analyst reports. Pivotal Research restated a “sell” rating and set a $16.00 target price on shares of Flowers Foods in a report on Thursday, February 7th. Deutsche Bank set a $18.00 target price on Flowers Foods and gave the stock a “hold” rating in a report on Monday, November 12th. ValuEngine lowered Flowers Foods from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Flowers Foods in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Flowers Foods has a consensus rating of “Hold” and an average target price of $20.57.
NYSE FLO opened at $20.15 on Tuesday. The stock has a market cap of $4.18 billion, a PE ratio of 21.44 and a beta of 0.46. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Flowers Foods, Inc. has a one year low of $17.78 and a one year high of $22.82.
Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The company had revenue of $880.67 million for the quarter, compared to analyst estimates of $869.41 million. Flowers Foods had a return on equity of 15.46% and a net margin of 3.98%. Flowers Foods’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Research analysts anticipate that Flowers Foods, Inc. will post 0.97 earnings per share for the current fiscal year.
About Flowers Foods
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
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