Signaturefd LLC Cuts Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Signaturefd LLC trimmed its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,837 shares of the company’s stock after selling 2,823 shares during the quarter. Signaturefd LLC’s holdings in Flowers Foods were worth $369,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FLO. Victory Capital Management Inc. increased its holdings in shares of Flowers Foods by 416.4% during the 3rd quarter. Victory Capital Management Inc. now owns 252,757 shares of the company’s stock valued at $5,831,000 after purchasing an additional 203,807 shares in the last quarter. KBC Group NV increased its holdings in shares of Flowers Foods by 23.2% during the 3rd quarter. KBC Group NV now owns 6,044 shares of the company’s stock valued at $139,000 after purchasing an additional 1,140 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Flowers Foods by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 71,278 shares of the company’s stock valued at $1,644,000 after purchasing an additional 5,085 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Flowers Foods by 28.7% during the 3rd quarter. Natixis Advisors LLC now owns 17,284 shares of the company’s stock valued at $399,000 after purchasing an additional 3,857 shares in the last quarter. Finally, Quest Partners LLC increased its holdings 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 purchasing an additional 3,294 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Trading Down 1.6 %

Shares of FLO opened at $18.16 on Friday. Flowers Foods, Inc. has a 52-week low of $17.98 and a 52-week high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average is $19.07 and its two-hundred day moving average is $21.08. The stock has a market cap of $3.83 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same quarter in the previous year, the firm posted $0.20 EPS. Research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.29%. Flowers Foods’s dividend payout ratio (DPR) is presently 82.05%.

Analyst Upgrades and Downgrades

FLO has been the topic of a number of research analyst reports. DA Davidson dropped their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Truist Financial dropped their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Flowers Foods Company 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.