Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Summit Global Investments

Summit Global Investments decreased its stake in Flowers Foods, Inc. (NYSE:FLO) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,793 shares of the company’s stock after selling 885 shares during the quarter. Summit Global Investments’ holdings in Flowers Foods were worth $1,111,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group grew its position in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after purchasing an additional 1,658 shares during the period. Blue Trust Inc. lifted its stake in shares of Flowers Foods by 34.4% in the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after buying an additional 694 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after buying an additional 1,556 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Flowers Foods by 67.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock worth $68,000 after buying an additional 1,323 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after buying an additional 3,294 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial decreased 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. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Finally, DA Davidson decreased 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

Flowers Foods Price Performance

Shares of FLO stock opened at $18.21 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The firm’s 50-day moving average is $19.06 and its two-hundred day moving average is $21.03. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The company has a market capitalization of $3.84 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $0.20 EPS. Analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Friday, February 28th. Flowers Foods’s dividend payout ratio is presently 82.05%.

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.