Teachers Retirement System of The State of Kentucky decreased its stake in Flowers Foods, Inc. (NYSE:FLO) by 9.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 38,040 shares of the company’s stock after selling 4,110 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Flowers Foods were worth $738,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Janus Capital Management LLC boosted its stake in shares of Flowers Foods by 123.8% in the first quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock valued at $1,663,000 after buying an additional 47,400 shares during the period. Credit Suisse AG boosted its stake in shares of Flowers Foods by 119.6% in the first quarter. Credit Suisse AG now owns 382,958 shares of the company’s stock valued at $7,433,000 after buying an additional 208,607 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of Flowers Foods by 38.3% in the first quarter. Tudor Investment Corp ET AL now owns 15,900 shares of the company’s stock valued at $309,000 after buying an additional 4,400 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Flowers Foods by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 177,352 shares of the company’s stock valued at $3,442,000 after buying an additional 572 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Flowers Foods during the first quarter worth about $229,000. 67.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Flowers Foods, Inc. (NYSE FLO) traded up 0.90% on Friday, reaching $17.87. 1,119,454 shares of the company were exchanged. The firm has a market capitalization of $3.74 billion, a PE ratio of 23.54 and a beta of 0.97. The company’s 50 day moving average is $17.56 and its 200 day moving average is $18.73. Flowers Foods, Inc. has a 12-month low of $14.51 and a 12-month high of $21.00.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $926.64 million for the quarter, compared to analyst estimates of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Analysts forecast that Flowers Foods, Inc. will post $0.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.81%. Flowers Foods’s dividend payout ratio is 90.67%.
A number of brokerages have recently issued reports on FLO. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Flowers Foods in a report on Friday, May 26th. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. BidaskClub raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Flowers Foods currently has a consensus rating of “Hold” and an average target price of $19.67.
In related news, Chairman Amos R. Mcmullian acquired 20,000 shares of the stock in a transaction on Monday, August 14th. The shares were acquired at an average price of $17.91 per share, with a total value of $358,200.00. Following the completion of the transaction, the chairman now owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 15.81% of the company’s stock.
Flowers Foods Company 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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