Delta Investment Management LLC Acquires 1,515 Shares of Flowers Foods, Inc. (NYSE:FLO)

Delta Investment Management LLC lifted its holdings in Flowers Foods, Inc. (NYSE:FLO) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,990 shares of the company’s stock after purchasing an additional 1,515 shares during the period. Delta Investment Management LLC’s holdings in Flowers Foods were worth $300,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FLO. Nuveen Asset Management LLC bought a new position in shares of Flowers Foods in the second quarter worth about $14,446,000. Wells Fargo & Company MN grew its position in Flowers Foods by 29.6% during the second quarter. Wells Fargo & Company MN now owns 1,691,378 shares of the company’s stock worth $39,359,000 after buying an additional 385,982 shares in the last quarter. BlackRock Inc. grew its position in Flowers Foods by 2.3% during the second quarter. BlackRock Inc. now owns 16,893,384 shares of the company’s stock worth $393,109,000 after buying an additional 375,717 shares in the last quarter. Prudential Financial Inc. grew its position in Flowers Foods by 236.4% during the second quarter. Prudential Financial Inc. now owns 391,856 shares of the company’s stock worth $9,118,000 after buying an additional 275,360 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Flowers Foods during the second quarter worth about $6,380,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

FLO stock opened at $20.90 on Friday. Flowers Foods, Inc. has a twelve month low of $17.78 and a twelve month high of $24.35. The company has a market cap of $4.49 billion, a PE ratio of 22.23 and a beta of 0.38. The business’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $22.66. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.96.

Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, November 6th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $966.56 million for the quarter, compared to the consensus estimate of $947.50 million. Flowers Foods had a return on equity of 15.95% and a net margin of 4.44%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. On average, equities research analysts anticipate that Flowers Foods, Inc. will post 0.96 EPS for the current year.

FLO has been the topic of a number of recent research reports. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research report on Thursday, September 19th. FinnCap reissued a “corporate” rating on shares of Flowers Foods in a research report on Tuesday, October 22nd. DA Davidson initiated coverage on Flowers Foods in a research report on Monday, August 5th. They set a “neutral” rating and a $24.00 target price on the stock. ValuEngine downgraded Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Shore Capital reissued a “buy” rating on shares of Flowers Foods in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Flowers Foods Profile

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

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

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