39,951 Shares in Flowers Foods, Inc. (NYSE:FLO) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flowers Foods, Inc. (NYSE:FLO) during the 4th quarter, Holdings Channel reports. The fund acquired 39,951 shares of the company’s stock, valued at approximately $825,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted 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. KBC Group NV lifted its stake in Flowers Foods by 23.2% in the third quarter. KBC Group NV now owns 6,044 shares of the company’s stock valued at $139,000 after buying an additional 1,140 shares in the last quarter. Empowered Funds LLC lifted its stake in Flowers Foods by 7.7% in the third quarter. Empowered Funds LLC now owns 71,278 shares of the company’s stock valued at $1,644,000 after buying an additional 5,085 shares in the last quarter. Natixis Advisors LLC lifted its stake in Flowers Foods by 28.7% in the third quarter. Natixis Advisors LLC now owns 17,284 shares of the company’s stock valued at $399,000 after buying an additional 3,857 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after buying an additional 3,294 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

FLO has been the topic of a number of research reports. DA Davidson cut their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Truist Financial cut their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.00.

Flowers Foods Price Performance

NYSE FLO opened at $18.21 on Friday. 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 12-month low of $17.99 and a 12-month high of $26.12. The company has a market capitalization of $3.84 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. The firm’s 50 day moving average is $19.06 and its 200-day moving average is $21.05.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping 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 business earned $0.20 EPS. Equities research analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.27%. Flowers Foods’s payout ratio is 82.05%.

Flowers Foods Company 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.