Flowers Foods, Inc. (NYSE:FLO) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 67.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,276 shares of the company’s stock after buying an additional 1,323 shares during the period. EverSource Wealth Advisors LLC’s holdings in Flowers Foods were worth $68,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FLO. Raymond James Financial Inc. acquired a new stake in Flowers Foods in the fourth quarter valued at $12,058,000. Geode Capital Management LLC raised its stake in Flowers Foods by 6.6% in the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after buying an additional 259,216 shares in the last quarter. Edgestream Partners L.P. raised its stake in Flowers Foods by 423.1% in the third quarter. Edgestream Partners L.P. now owns 306,848 shares of the company’s stock valued at $7,079,000 after buying an additional 248,185 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Flowers Foods in the fourth quarter valued at $4,461,000. Finally, Victory Capital Management Inc. raised its stake in Flowers Foods by 416.4% in the third quarter. Victory Capital Management Inc. now owns 252,757 shares of the company’s stock valued at $5,831,000 after buying an additional 203,807 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Stock Performance

NYSE FLO opened at $18.46 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a 52-week low of $17.99 and a 52-week high of $26.12. The business’s 50-day moving average price is $19.11 and its 200 day moving average price is $21.10. The firm has a market cap of $3.89 billion, a P/E ratio of 15.77, a P/E/G ratio of 8.72 and a beta of 0.41.

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

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio is currently 82.05%.

Analyst Ratings Changes

Several equities analysts have issued reports on FLO shares. Truist Financial dropped their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, February 10th. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Finally, DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $21.00.

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.