SG Americas Securities LLC cut its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 92.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,807 shares of the company’s stock after selling 104,656 shares during the period. SG Americas Securities LLC’s holdings in Flowers Foods were worth $166,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC boosted its holdings in shares of Flowers Foods by 106.7% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 14,794,716 shares of the company’s stock worth $278,289,000 after buying an additional 7,638,437 shares during the period. Hamlin Capital Management LLC boosted its holdings in shares of Flowers Foods by 15.8% during the 3rd quarter. Hamlin Capital Management LLC now owns 3,860,784 shares of the company’s stock worth $72,621,000 after buying an additional 525,394 shares during the period. Koch Industries Inc. bought a new stake in shares of Flowers Foods during the 2nd quarter worth about $443,000. Gotham Asset Management LLC boosted its holdings in shares of Flowers Foods by 3,771.0% during the 2nd quarter. Gotham Asset Management LLC now owns 444,509 shares of the company’s stock worth $7,694,000 after buying an additional 433,026 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Flowers Foods by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,054,115 shares of the company’s stock worth $35,558,000 after buying an additional 342,563 shares during the period. Institutional investors own 66.39% of the company’s stock.
FLO has been the subject of several research analyst reports. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. TheStreet downgraded shares of Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 target price on shares of Flowers Foods in a report on Friday, November 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.17.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $932.80 million during the quarter, compared to the consensus estimate of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. equities research analysts expect that Flowers Foods, Inc. will post 0.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, November 30th. Flowers Foods’s dividend payout ratio is currently 170.00%.
In other news, CEO Allen L. Shiver sold 177,081 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $19.00, for a total value of $3,364,539.00. Following the completion of the transaction, the chief executive officer now directly owns 978,353 shares in the company, valued at approximately $18,588,707. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO R Steve Kinsey sold 116,067 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total transaction of $2,250,539.13. The disclosure for this sale can be found here. Insiders sold a total of 509,689 shares of company stock valued at $9,743,948 in the last three months. Insiders own 15.81% of the company’s stock.
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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