Dimensional Fund Advisors LP grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 20.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,054,115 shares of the company’s stock after acquiring an additional 342,563 shares during the quarter. Dimensional Fund Advisors LP owned about 0.98% of Flowers Foods worth $35,558,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in FLO. UBS Asset Management Americas Inc. lifted its position in shares of Flowers Foods by 13.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 150,234 shares of the company’s stock valued at $2,916,000 after acquiring an additional 17,423 shares during the period. OppenheimerFunds Inc. lifted its position in shares of Flowers Foods by 20.6% during the 1st quarter. OppenheimerFunds Inc. now owns 50,017 shares of the company’s stock valued at $971,000 after acquiring an additional 8,540 shares during the period. Wellington Management Group LLP bought a new stake in shares of Flowers Foods during the 1st quarter valued at $762,000. Teachers Advisors LLC lifted its position in shares of Flowers Foods by 42.5% during the 1st quarter. Teachers Advisors LLC now owns 237,312 shares of the company’s stock valued at $4,606,000 after acquiring an additional 70,719 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Flowers Foods by 45.6% during the 1st quarter. Legal & General Group Plc now owns 197,777 shares of the company’s stock valued at $3,840,000 after acquiring an additional 61,903 shares during the period. Hedge funds and other institutional investors own 64.93% of the company’s stock.
FLO has been the subject of a number of recent analyst reports. BidaskClub downgraded Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, July 20th. Finally, Jefferies Group LLC downgraded Flowers Foods from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $19.00 in a research report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Flowers Foods currently has a consensus rating of “Buy” and an average price target of $19.67.
In other news, SVP Karyl H. Lauder sold 28,173 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total value of $523,736.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marta Jones Turner sold 37,062 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the sale, the executive vice president now directly owns 266,444 shares of the company’s stock, valued at approximately $4,772,012.04. The disclosure for this sale can be found here. In the last three months, insiders sold 98,735 shares of company stock valued at $1,818,921. 15.81% of the stock is currently owned by corporate insiders.
Flowers Foods, Inc. (NYSE FLO) opened at 18.97 on Monday. Flowers Foods, Inc. has a one year low of $15.05 and a one year high of $21.00. The firm has a market cap of $3.97 billion, a PE ratio of 24.99 and a beta of 1.01. The firm has a 50-day moving average price of $18.55 and a 200-day moving average price of $18.30.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The company had revenue of $926.64 million during the quarter, compared to analyst estimates of $931.26 million. During the same quarter in the previous year, the company posted $0.26 EPS. Flowers Foods’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts expect that Flowers Foods, Inc. will post $0.85 EPS for the current fiscal year.
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Flowers Foods Profile
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.
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