Boxwood Ventures Inc. boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 32.4% in the first quarter, Holdings Channel.com reports. The firm owned 17,350 shares of the company’s stock after purchasing an additional 4,248 shares during the period. Flowers Foods comprises 0.9% of Boxwood Ventures Inc.’s holdings, making the stock its 19th largest holding. Boxwood Ventures Inc.’s holdings in Flowers Foods were worth $446,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC boosted its position in Flowers Foods by 28,270.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 6,553,181 shares of the company’s stock valued at $180,016,000 after purchasing an additional 6,530,082 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Flowers Foods by 6.7% in the fourth quarter. Renaissance Technologies LLC now owns 5,549,344 shares of the company’s stock worth $152,440,000 after buying an additional 346,837 shares during the last quarter. State Street Corp lifted its position in shares of Flowers Foods by 2.9% in the fourth quarter. State Street Corp now owns 5,352,201 shares of the company’s stock worth $147,025,000 after buying an additional 151,248 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Flowers Foods by 6.1% in the first quarter. Boston Trust Walden Corp now owns 2,836,301 shares of the company’s stock worth $72,921,000 after buying an additional 163,280 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Flowers Foods by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 2,534,571 shares of the company’s stock worth $69,624,000 after buying an additional 112,855 shares during the last quarter. Institutional investors and hedge funds own 71.99% of the company’s stock.
Insider Activity at Flowers Foods
In related news, CEO Ryals Mcmullian sold 66,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $26.54, for a total transaction of $1,751,640.00. Following the transaction, the chief executive officer now directly owns 1,934,000 shares in the company, valued at $51,328,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Flowers Foods Stock Performance
Shares of Flowers Foods stock traded up $0.05 during trading on Friday, reaching $27.68. The company’s stock had a trading volume of 1,087,334 shares, compared to its average volume of 897,543. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.52. The business’s fifty day moving average price is $26.53 and its 200-day moving average price is $26.76. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 27.14 and a beta of 0.27. Flowers Foods, Inc. has a one year low of $22.72 and a one year high of $29.73.
Flowers Foods (NYSE:FLO – Get Rating) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. Flowers Foods had a return on equity of 18.97% and a net margin of 4.93%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. As a group, equities research analysts predict that Flowers Foods, Inc. will post 1.25 earnings per share for the current year.
Flowers Foods Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.18%. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, June 8th. Flowers Foods’s payout ratio is currently 86.28%.
Flowers Foods Profile
Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.
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