Flowers Foods, Inc. (FLO) Position Cut by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in Flowers Foods, Inc. (NYSE:FLO) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,686 shares of the company’s stock after selling 9,805 shares during the period. Texas Permanent School Fund’s holdings in Flowers Foods were worth $2,408,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jolley Asset Management LLC lifted its holdings in Flowers Foods by 2.6% in the fourth quarter. Jolley Asset Management LLC now owns 239,786 shares of the company’s stock valued at $4,630,000 after buying an additional 6,127 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Flowers Foods during the fourth quarter valued at about $195,000. Alpha Windward LLC acquired a new position in shares of Flowers Foods during the fourth quarter valued at about $540,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Flowers Foods by 3.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,693,851 shares of the company’s stock valued at $32,709,000 after purchasing an additional 52,959 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Flowers Foods by 19.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 59,761 shares of the company’s stock valued at $1,154,000 after purchasing an additional 9,697 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Flowers Foods, Inc. (NYSE FLO) opened at $18.59 on Tuesday. Flowers Foods, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $21.00. The firm has a market cap of $4,018.22, a PE ratio of 21.78, a PEG ratio of 3.24 and a beta of 0.91. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $932.80 million for the quarter, compared to analyst estimates of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. sell-side analysts forecast that Flowers Foods, Inc. will post 0.86 EPS for the current fiscal year.

FLO has been the topic of several research reports. TheStreet lowered shares of Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Pivotal Research reiterated a “buy” rating and set a $26.00 price objective (up previously from $23.00) on shares of Flowers Foods in a report on Friday, January 12th. Zacks Investment Research lowered shares of Flowers Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. SunTrust Banks reiterated a “hold” rating and set a $20.00 price objective on shares of Flowers Foods in a report on Friday, November 10th. Finally, BMO Capital Markets upped their price objective on shares of Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.20.

In other news, CFO R Steve Kinsey sold 116,067 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total transaction of $2,250,539.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brad K. Alexander sold 81,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $19.07, for a total transaction of $1,544,670.00. Following the sale, the insider now directly owns 245,412 shares of the company’s stock, valued at $4,680,006.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 448,016 shares of company stock valued at $8,588,807. 15.81% of the stock is currently owned by insiders.

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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.

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

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