Goldman Sachs Group Inc. Sells 2,232 Shares of Flowers Foods, Inc. (NYSE:FLO)

Goldman Sachs Group Inc. decreased its holdings in Flowers Foods, Inc. (NYSE:FLO) by 0.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 549,038 shares of the company’s stock after selling 2,232 shares during the quarter. Goldman Sachs Group Inc. owned 0.26% of Flowers Foods worth $13,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLO. Price T Rowe Associates Inc. MD lifted its position in Flowers Foods by 14.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,206,675 shares of the company’s stock valued at $434,647,000 after acquiring an additional 2,399,812 shares in the last quarter. Norges Bank bought a new position in Flowers Foods in the 4th quarter valued at about $51,260,000. BlackRock Inc. lifted its position in shares of Flowers Foods by 9.4% during the 1st quarter. BlackRock Inc. now owns 18,823,674 shares of the company’s stock worth $448,002,000 after buying an additional 1,617,782 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Flowers Foods by 49.1% during the 1st quarter. Boston Trust Walden Corp now owns 2,831,029 shares of the company’s stock worth $67,379,000 after buying an additional 931,802 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Flowers Foods by 25.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,157,988 shares of the company’s stock worth $98,961,000 after buying an additional 840,649 shares in the last quarter. 65.84% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods stock opened at $23.78 on Thursday. Flowers Foods, Inc. has a 52 week low of $21.66 and a 52 week high of $25.48. The business’s 50 day moving average price is $24.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.71. The company has a market cap of $5.03 billion, a PE ratio of 22.02 and a beta of 0.28.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Thursday, May 20th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Flowers Foods had a net margin of 5.29% and a return on equity of 20.32%. Flowers Foods’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, sell-side analysts expect that Flowers Foods, Inc. will post 1.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 24th. Investors of record on Thursday, June 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Wednesday, June 9th. This is a boost from Flowers Foods’s previous quarterly dividend of $0.20. Flowers Foods’s payout ratio is 64.12%.

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Flowers Foods from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, May 24th.

Flowers Foods Profile

Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.

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

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