Coston McIsaac & Partners Cuts Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Coston McIsaac & Partners reduced its stake in Flowers Foods, Inc. (NYSE:FLO) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187,312 shares of the company’s stock after selling 8,508 shares during the period. Coston McIsaac & Partners owned approximately 0.09% of Flowers Foods worth $3,868,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FLO. Hexagon Capital Partners LLC bought a new stake in shares of Flowers Foods in the third quarter worth about $29,000. Blue Trust Inc. grew its holdings in Flowers Foods by 18,254.5% during the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock valued at $45,000 after buying an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Flowers Foods in the 3rd quarter worth approximately $52,000. Brooklyn Investment Group raised its holdings in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after acquiring an additional 1,658 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after acquiring an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th.

Flowers Foods Trading Down 0.1 %

Shares of NYSE FLO opened at $19.54 on Thursday. Flowers Foods, Inc. has a 1-year low of $18.90 and a 1-year high of $26.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. The business’s 50 day moving average is $20.81 and its two-hundred day moving average is $22.00. The stock has a market capitalization of $4.12 billion, a P/E ratio of 17.14, a PEG ratio of 3.82 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, research analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.24 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.91%. Flowers Foods’s payout ratio is 84.21%.

Flowers Foods Profile

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.