Metropolitan Life Insurance Co. NY increased its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,352 shares of the company’s stock after buying an additional 572 shares during the period. Metropolitan Life Insurance Co. NY owned 0.08% of Flowers Foods worth $3,442,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in FLO. Dimensional Fund Advisors LP increased its stake in shares of Flowers Foods by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,402,132 shares of the company’s stock valued at $28,001,000 after buying an additional 17,055 shares during the last quarter. Credit Agricole S A increased its stake in shares of Flowers Foods by 5.6% in the fourth quarter. Credit Agricole S A now owns 22,315 shares of the company’s stock valued at $446,000 after buying an additional 1,187 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Flowers Foods by 85.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,131 shares of the company’s stock valued at $202,000 after buying an additional 4,654 shares in the last quarter. Tudor Investment Corp Et Al acquired a new stake in Flowers Foods during the fourth quarter valued at about $230,000. Finally, Norges Bank acquired a new stake in Flowers Foods during the fourth quarter valued at about $25,343,000. Institutional investors and hedge funds own 66.64% of the company’s stock.
Shares of Flowers Foods, Inc. (NYSE FLO) traded down 2.19% during mid-day trading on Tuesday, reaching $17.40. The company’s stock had a trading volume of 1,967,512 shares. The company has a 50 day moving average of $17.52 and a 200-day moving average of $18.89. The firm has a market capitalization of $3.64 billion, a P/E ratio of 22.05 and a beta of 0.97. Flowers Foods, Inc. has a 12 month low of $14.35 and a 12 month high of $21.00.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Flowers Foods had a return on equity of 15.39% and a net margin of 4.22%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted $0.28 earnings per share. Flowers Foods’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast that Flowers Foods, Inc. will post $0.87 EPS for the current year.
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Several equities research analysts have issued reports on FLO shares. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Jefferies Group LLC downgraded Flowers Foods from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $19.00 in a report on Friday, July 28th. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, May 19th. TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a research report on Thursday, July 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.57.
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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