UBS Asset Management Americas Inc. raised its position in Flowers Foods, Inc. (NYSE:FLO) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,424 shares of the company’s stock after purchasing an additional 19,467 shares during the quarter. UBS Asset Management Americas Inc. owned 0.10% of Flowers Foods worth $4,141,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of FLO. Nationwide Fund Advisors raised its position in Flowers Foods by 8.9% in the third quarter. Nationwide Fund Advisors now owns 344,856 shares of the company’s stock valued at $6,487,000 after purchasing an additional 28,076 shares during the last quarter. Aperio Group LLC raised its position in Flowers Foods by 13.0% in the third quarter. Aperio Group LLC now owns 40,563 shares of the company’s stock valued at $763,000 after purchasing an additional 4,662 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Flowers Foods in the third quarter valued at about $391,000. Canada Pension Plan Investment Board bought a new position in shares of Flowers Foods during the third quarter worth about $1,036,000. Finally, Principal Financial Group Inc. raised its position in shares of Flowers Foods by 1.3% during the third quarter. Principal Financial Group Inc. now owns 785,528 shares of the company’s stock worth $14,776,000 after acquiring an additional 10,444 shares during the last quarter. Hedge funds and other institutional investors own 63.05% of the company’s stock.
FLO has been the subject of a number of analyst reports. Pivotal Research restated a “buy” rating and set a $26.00 price objective (up from $23.00) on shares of Flowers Foods in a research report on Friday, January 12th. Zacks Investment Research downgraded Flowers Foods from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. Stephens restated a “hold” rating and set a $20.00 price objective on shares of Flowers Foods in a research report on Friday, February 9th. BMO Capital Markets raised their price objective on Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 15th. Finally, TheStreet upgraded Flowers Foods from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $21.33.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The business had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $860.34 million. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. analysts forecast that Flowers Foods, Inc. will post 1.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.68 annualized dividend and a yield of 3.21%. Flowers Foods’s dividend payout ratio is currently 95.77%.
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Flowers Foods Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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