Flowers Foods, Inc. (NYSE:FLO) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 0.0% in the third quarter, Holdings Channel reports. The firm owned 8,678,586 shares of the company’s stock after selling 3,136 shares during the period. State Street Corp’s holdings in Flowers Foods were worth $200,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its holdings in Flowers Foods by 20.6% in the third quarter. Quantinno Capital Management LP now owns 238,664 shares of the company’s stock valued at $5,506,000 after purchasing an additional 40,691 shares during the period. Holocene Advisors LP increased its holdings in Flowers Foods by 163.2% in the third quarter. Holocene Advisors LP now owns 153,597 shares of the company’s stock valued at $3,543,000 after buying an additional 95,248 shares during the last quarter. Centiva Capital LP acquired a new stake in Flowers Foods in the third quarter valued at $978,000. ClearAlpha Technologies LP lifted its position in shares of Flowers Foods by 4.4% during the 3rd quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company’s stock worth $323,000 after buying an additional 590 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of Flowers Foods by 423.1% during the third quarter. Edgestream Partners L.P. now owns 306,848 shares of the company’s stock worth $7,079,000 after purchasing an additional 248,185 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Stock Down 0.3 %

FLO opened at $21.23 on Friday. The company has a market cap of $4.47 billion, a PE ratio of 18.62, a P/E/G ratio of 4.16 and a beta of 0.37. The business has a 50 day moving average price of $22.29 and a two-hundred day moving average price of $22.56. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. Flowers Foods, Inc. has a 52 week low of $21.19 and a 52 week high of $26.12.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.29 earnings per share. Flowers Foods’s quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts anticipate that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 4.52%. Flowers Foods’s payout ratio is currently 84.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Flowers Foods Profile

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