Ensign Peak Advisors Inc Increases Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Ensign Peak Advisors Inc raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,978 shares of the company’s stock after purchasing an additional 10,590 shares during the quarter. Ensign Peak Advisors Inc owned 0.14% of Flowers Foods worth $7,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ARGI Investment Services LLC boosted its holdings in Flowers Foods by 1.4% in the 2nd quarter. ARGI Investment Services LLC now owns 33,033 shares of the company’s stock valued at $799,000 after purchasing an additional 454 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Flowers Foods by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 71,891 shares of the company’s stock worth $1,711,000 after acquiring an additional 461 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Flowers Foods by 5.3% during the 1st quarter. Profund Advisors LLC now owns 12,319 shares of the company’s stock worth $293,000 after acquiring an additional 618 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Flowers Foods by 1.1% during the 1st quarter. Federated Hermes Inc. now owns 56,805 shares of the company’s stock worth $1,352,000 after acquiring an additional 627 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Flowers Foods by 131.6% during the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock worth $49,000 after acquiring an additional 1,295 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Shares of Flowers Foods stock opened at $25.41 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.40. Flowers Foods, Inc. has a 1 year low of $21.66 and a 1 year high of $25.51. The company has a market capitalization of $5.38 billion, a P/E ratio of 23.75 and a beta of 0.26. The business has a 50 day moving average price of $23.87 and a 200 day moving average price of $24.06.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, August 12th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Flowers Foods had a return on equity of 19.93% and a net margin of 5.27%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. As a group, research analysts expect that Flowers Foods, Inc. will post 1.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Friday, September 3rd were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 2nd. This represents a $0.84 annualized dividend and a dividend yield of 3.31%. Flowers Foods’s dividend payout ratio is currently 64.12%.

Separately, Zacks Investment Research raised Flowers Foods from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, July 30th.

Flowers Foods Company Profile

Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.

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

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