Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in shares of Flowers Foods, Inc. (NYSE:FLOFree Report) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 385,108 shares of the company’s stock after selling 8,303 shares during the quarter. Retirement Systems of Alabama owned about 0.18% of Flowers Foods worth $8,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Silver Oak Securities Incorporated acquired a new stake in shares of Flowers Foods in the second quarter worth $558,000. Comerica Bank acquired a new stake in shares of Flowers Foods in the second quarter worth $101,940,000. Berkeley Capital Partners LLC acquired a new stake in shares of Flowers Foods in the second quarter worth $584,000. Bank of Montreal Can acquired a new stake in shares of Flowers Foods in the second quarter worth $630,000. Finally, Inspire Investing LLC increased its stake in shares of Flowers Foods by 27.4% in the second quarter. Inspire Investing LLC now owns 12,621 shares of the company’s stock worth $314,000 after acquiring an additional 2,716 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

Flowers Foods Stock Up 1.4 %

FLO stock opened at $22.98 on Wednesday. The firm has a market cap of $4.85 billion, a PE ratio of 35.91, a P/E/G ratio of 12.57 and a beta of 0.41. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 1.07. The firm’s fifty day moving average is $22.22 and its 200 day moving average is $22.63. Flowers Foods, Inc. has a one year low of $19.64 and a one year high of $29.10.

Flowers Foods (NYSE:FLOGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Flowers Foods had a net margin of 2.70% and a return on equity of 18.27%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. On average, research analysts forecast that Flowers Foods, Inc. will post 1.21 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, November 30th. Flowers Foods’s payout ratio is 143.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FLO shares. StockNews.com upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Truist Financial dropped their price target on shares of Flowers Foods from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, November 13th. Finally, TheStreet lowered shares of Flowers Foods from a “b-” rating to a “c+” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.00.

Read Our Latest Research Report on Flowers Foods

Insider Buying and Selling at Flowers Foods

In related news, CFO R Steve Kinsey acquired 1,780 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were acquired at an average cost of $22.46 per share, with a total value of $39,978.80. Following the completion of the acquisition, the chief financial officer now directly owns 399,520 shares in the company, valued at approximately $8,973,219.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Flowers Foods news, CEO Ryals Mcmullian purchased 9,100 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of $21.99 per share, with a total value of $200,109.00. Following the completion of the purchase, the chief executive officer now owns 849,028 shares in the company, valued at approximately $18,670,125.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO R Steve Kinsey purchased 1,780 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average cost of $22.46 per share, for a total transaction of $39,978.80. Following the completion of the purchase, the chief financial officer now owns 399,520 shares of the company’s stock, valued at approximately $8,973,219.20. The disclosure for this purchase can be found here. Insiders own 11.49% of the company’s stock.

Flowers Foods Profile

(Free Report)

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.

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

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