Good Life Advisors LLC Invests $296,000 in Flowers Foods, Inc. (NYSE:FLO)

Good Life Advisors LLC bought a new stake in Flowers Foods, Inc. (NYSE:FLO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,818 shares of the company’s stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cooke & Bieler LP grew its stake in shares of Flowers Foods by 73.1% during the 2nd quarter. Cooke & Bieler LP now owns 5,301,518 shares of the company’s stock valued at $117,694,000 after buying an additional 2,239,592 shares during the period. AQR Capital Management LLC grew its stake in Flowers Foods by 65.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,556 shares of the company’s stock valued at $29,104,000 after purchasing an additional 520,661 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Flowers Foods during the 2nd quarter worth approximately $10,392,000. Renaissance Technologies LLC raised its position in shares of Flowers Foods by 4.3% in the 2nd quarter. Renaissance Technologies LLC now owns 5,851,682 shares of the company’s stock valued at $129,907,000 after purchasing an additional 242,797 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Flowers Foods during the 1st quarter valued at approximately $4,644,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analyst Ratings Changes

FLO has been the topic of several recent analyst reports. BNP Paribas assumed coverage on shares of Flowers Foods in a report on Wednesday, July 10th. They issued 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 note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.75.

Flowers Foods Stock Performance

Shares of FLO opened at $22.96 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91. Flowers Foods, Inc. has a 12-month low of $19.64 and a 12-month high of $26.12. The business’s fifty day moving average price is $23.00 and its 200 day moving average price is $23.12. The stock has a market capitalization of $4.85 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts forecast that Flowers Foods, Inc. will post 1.26 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, September 6th. Flowers Foods’s payout ratio is 162.71%.

About Flowers Foods

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.