Algert Global LLC Raises Position in Flowers Foods, Inc. (NYSE:FLO)

Algert Global LLC lifted its position in Flowers Foods, Inc. (NYSE:FLO) by 37.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,329 shares of the company’s stock after acquiring an additional 69,469 shares during the period. Algert Global LLC owned 0.12% of Flowers Foods worth $5,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in Flowers Foods in the 1st quarter worth approximately $26,000. Lindbrook Capital LLC grew its stake in shares of Flowers Foods by 80.3% in the first quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock worth $29,000 after acquiring an additional 538 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Flowers Foods during the 4th quarter worth $39,000. GAMMA Investing LLC lifted its position in Flowers Foods by 56.6% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock valued at $55,000 after acquiring an additional 840 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Flowers Foods in the second quarter valued at $59,000. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Stock Up 0.7 %

FLO stock opened at $23.25 on Monday. Flowers Foods, Inc. has a 52 week low of $19.64 and a 52 week high of $26.12. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36. The firm’s 50-day moving average is $22.92 and its two-hundred day moving average is $23.17. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, analysts forecast that Flowers Foods, Inc. will post 1.26 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, September 6th. Flowers Foods’s dividend payout ratio (DPR) is currently 162.71%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FLO. BNP Paribas assumed coverage on shares of Flowers Foods in a research note on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price target on the stock. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.75.

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.