Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Thomasville National Bank

Thomasville National Bank lessened its stake in Flowers Foods, Inc. (NYSE:FLOFree Report) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 339,416 shares of the company’s stock after selling 5,940 shares during the period. Thomasville National Bank owned about 0.16% of Flowers Foods worth $8,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLO. Rise Advisors LLC purchased a new position in shares of Flowers Foods in the first quarter valued at approximately $26,000. Financial Connections Group Inc. acquired a new stake in Flowers Foods during the 4th quarter worth approximately $30,000. Gladius Capital Management LP boosted its position in Flowers Foods by 46.4% in the 3rd quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock valued at $34,000 after buying an additional 488 shares during the period. GAMMA Investing LLC acquired a new position in shares of Flowers Foods in the fourth quarter worth $34,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Flowers Foods during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Down 0.3 %

NYSE FLO traded down $0.07 during trading on Thursday, reaching $22.41. 1,308,852 shares of the company’s stock were exchanged, compared to its average volume of 1,224,719. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.82 and a current ratio of 1.11. Flowers Foods, Inc. has a 1 year low of $19.64 and a 1 year high of $26.33. The stock has a market cap of $4.73 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 5.76 and a beta of 0.37. The company has a 50 day moving average price of $23.88 and a two-hundred day moving average price of $23.11.

Flowers Foods (NYSE:FLOGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Flowers Foods had a net margin of 2.45% and a return on equity of 18.35%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. On average, equities research analysts anticipate that Flowers Foods, Inc. will post 1.24 EPS for the current fiscal year.

Flowers Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from Flowers Foods’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 4.28%. Flowers Foods’s payout ratio is 162.71%.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 25th. DA Davidson boosted their price objective on Flowers Foods from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Flowers Foods from $22.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.00.

Read Our Latest Stock Report on Flowers Foods

Insider Buying and Selling at Flowers Foods

In other news, Director Edward J. Jr. Casey purchased 5,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were bought at an average price of $23.55 per share, with a total value of $117,750.00. Following the completion of the transaction, the director now directly owns 20,330 shares in the company, valued at approximately $478,771.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.42% of the stock is currently owned by insiders.

Flowers Foods Company Profile

(Free Report)

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

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