Zurcher Kantonalbank Zurich Cantonalbank Has $904,000 Position in Flowers Foods, Inc. (NYSE:FLO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 12.7% during the fourth quarter, Holdings Channel reports. The fund owned 43,758 shares of the company’s stock after buying an additional 4,933 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Flowers Foods were worth $904,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after acquiring an additional 1,658 shares during the period. Blue Trust Inc. lifted its position in shares of Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after acquiring an additional 694 shares during the period. Quent Capital LLC lifted its position in shares of Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock valued at $63,000 after acquiring an additional 1,556 shares during the period. Quest Partners LLC lifted its position in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after acquiring an additional 3,294 shares during the period. Finally, KBC Group NV lifted its position in shares of Flowers Foods by 23.2% during the 3rd quarter. KBC Group NV now owns 6,044 shares of the company’s stock valued at $139,000 after acquiring an additional 1,140 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Performance

NYSE FLO opened at $18.16 on Friday. Flowers Foods, Inc. has a 1 year low of $17.99 and a 1 year high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 8.72 and a beta of 0.41. The company has a fifty day moving average price of $19.07 and a 200-day moving average price of $21.08.

Flowers Foods (NYSE:FLO) last posted its earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $0.20 earnings per share. As a group, equities research analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 5.29%. Flowers Foods’s payout ratio is 82.05%.

Analyst Ratings Changes

A number of analysts have commented on FLO shares. DA Davidson decreased their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Truist Financial decreased their price target 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 equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.