Beacon Pointe Advisors LLC Trims Stake in Flowers Foods, Inc. (NYSE:FLO)

Beacon Pointe Advisors LLC cut its stake in Flowers Foods, Inc. (NYSE:FLO) by 83.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,390 shares of the company’s stock after selling 143,210 shares during the period. Beacon Pointe Advisors LLC’s holdings in Flowers Foods were worth $587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FLO. Barclays PLC lifted its stake in shares of Flowers Foods by 88.6% in the 3rd quarter. Barclays PLC now owns 287,625 shares of the company’s stock valued at $6,636,000 after purchasing an additional 135,111 shares during the period. Tidal Investments LLC raised its holdings in Flowers Foods by 4.8% in the third quarter. Tidal Investments LLC now owns 27,266 shares of the company’s stock worth $629,000 after purchasing an additional 1,261 shares in the last quarter. Synovus Financial Corp lifted its position in Flowers Foods by 144.5% during the third quarter. Synovus Financial Corp now owns 40,422 shares of the company’s stock valued at $933,000 after buying an additional 23,890 shares during the period. Franklin Resources Inc. lifted its position in Flowers Foods by 21.6% during the third quarter. Franklin Resources Inc. now owns 135,572 shares of the company’s stock valued at $3,080,000 after buying an additional 24,085 shares during the period. Finally, Nordea Investment Management AB bought a new stake in shares of Flowers Foods during the 4th quarter valued at $4,461,000. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLO. DA Davidson decreased their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Truist Financial decreased their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $17.55 on Friday. The business has a fifty day moving average price of $18.42 and a 200-day moving average price of $19.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The company has a market capitalization of $3.71 billion, a PE ratio of 15.00, a PEG ratio of 8.72 and a beta of 0.40. Flowers Foods, Inc. has a 1-year low of $17.21 and a 1-year high of $26.12.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same quarter last year, the company posted $0.20 earnings per share. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.47%. The ex-dividend date was Friday, February 28th. Flowers Foods’s dividend payout ratio is currently 82.05%.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.