Wealthfront Advisers LLC Takes Position in Flowers Foods, Inc. (NYSE:FLO)

Wealthfront Advisers LLC acquired a new stake in shares of Flowers Foods, Inc. (NYSE:FLO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,217 shares of the company’s stock, valued at approximately $438,000.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Flowers Foods by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock worth $95,971,000 after acquiring an additional 259,216 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Flowers Foods by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company’s stock worth $46,327,000 after acquiring an additional 58,141 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Flowers Foods by 3.8% in the 4th quarter. Fisher Asset Management LLC now owns 886,349 shares of the company’s stock worth $18,312,000 after acquiring an additional 32,320 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Flowers Foods by 1.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company’s stock worth $13,519,000 after acquiring an additional 7,844 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Flowers Foods in the 4th quarter worth about $12,058,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FLO. DA Davidson lowered their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Truist Financial decreased their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Flowers Foods Trading Down 0.8 %

NYSE:FLO opened at $18.39 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a 52 week low of $17.99 and a 52 week high of $26.12. The firm has a 50-day moving average price of $19.20 and a two-hundred day moving average price of $21.18.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, equities analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio is currently 82.05%.

About Flowers Foods

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.