Northern Trust Corp Has $35.29 Million Position in Flowers Foods, Inc. (FLO)

Northern Trust Corp boosted its holdings in Flowers Foods, Inc. (NYSE:FLO) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,694,209 shares of the company’s stock after acquiring an additional 66,956 shares during the quarter. Northern Trust Corp owned 0.80% of Flowers Foods worth $35,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLO. Centaurus Financial Inc. bought a new stake in Flowers Foods in the second quarter valued at about $101,000. Signaturefd LLC grew its stake in Flowers Foods by 380.3% during the second quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock worth $142,000 after buying an additional 5,393 shares during the last quarter. MainStreet Investment Advisors LLC bought a new stake in Flowers Foods during the second quarter worth about $204,000. Grassi Investment Management bought a new stake in Flowers Foods during the second quarter worth about $208,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Flowers Foods during the second quarter worth about $217,000. 65.76% of the stock is currently owned by institutional investors and hedge funds.

FLO opened at $19.06 on Friday. Flowers Foods, Inc. has a one year low of $17.71 and a one year high of $22.82. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The company has a market cap of $3.95 billion, a PE ratio of 19.70, a P/E/G ratio of 2.06 and a beta of 0.53.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Flowers Foods had a net margin of 3.58% and a return on equity of 15.85%. The company had revenue of $941.30 million for the quarter, compared to the consensus estimate of $936.16 million. During the same period last year, the company earned $0.24 earnings per share. Flowers Foods’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Flowers Foods, Inc. will post 1.01 EPS for the current fiscal year.

FLO has been the topic of several research analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Flowers Foods in a research note on Thursday, August 9th. Vertical Group cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, July 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Friday, August 10th. Consumer Edge cut shares of Flowers Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.80.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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