Paloma Partners Management Co Invests $229,000 in Flowers Foods, Inc. (FLO)

Paloma Partners Management Co purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,762 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Utah Retirement Systems raised its position in shares of Flowers Foods by 0.3% in the first quarter. Utah Retirement Systems now owns 31,509 shares of the company’s stock worth $612,000 after buying an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Flowers Foods by 0.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 31,681 shares of the company’s stock worth $615,000 after buying an additional 192 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Flowers Foods by 2.5% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 13,121 shares of the company’s stock worth $255,000 after buying an additional 326 shares during the period. Oxbow Advisors LLC raised its position in shares of Flowers Foods by 1.6% in the first quarter. Oxbow Advisors LLC now owns 23,440 shares of the company’s stock worth $455,000 after buying an additional 365 shares during the period. Finally, Arcus Capital Partners LLC raised its position in shares of Flowers Foods by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 59,566 shares of the company’s stock worth $1,156,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 67.47% of the company’s stock.

Flowers Foods, Inc. (FLO) traded up 0.90% during mid-day trading on Friday, hitting $17.87. 1,119,454 shares of the company traded hands. Flowers Foods, Inc. has a one year low of $14.51 and a one year high of $21.00. The firm has a 50 day moving average of $17.56 and a 200 day moving average of $18.73. The firm has a market capitalization of $3.74 billion, a P/E ratio of 23.54 and a beta of 0.97.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. Flowers Foods’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. Equities research analysts expect that Flowers Foods, Inc. will post $0.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.81%. Flowers Foods’s dividend payout ratio is currently 90.67%.

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A number of brokerages recently commented on FLO. BidaskClub upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Jefferies Group LLC lowered shares of Flowers Foods from a “buy” rating to a “hold” rating and decreased their target price for the stock from $23.00 to $19.00 in a research report on Friday, July 28th. TheStreet upgraded shares of Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Flowers Foods has an average rating of “Hold” and a consensus price target of $19.67.

In other news, Chairman Amos R. Mcmullian acquired 20,000 shares of Flowers Foods stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $17.91 per share, with a total value of $358,200.00. Following the completion of the purchase, the chairman now owns 3,643,717 shares in the company, valued at $65,258,971.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.81% of the stock is currently owned by insiders.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

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

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