Mutual of America Capital Management LLC Reduces Stake in Flowers Foods, Inc. (NYSE:FLO)

Mutual of America Capital Management LLC cut its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 105,850 shares of the company’s stock after selling 4,159 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Flowers Foods were worth $2,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC increased its position in Flowers Foods by 2.0% during the 2nd quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock valued at $528,000 after purchasing an additional 466 shares during the period. Taylor Frigon Capital Management LLC increased its position in shares of Flowers Foods by 1.0% during the second quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock valued at $1,172,000 after buying an additional 500 shares during the period. Commonwealth Equity Services LLC raised its stake in Flowers Foods by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock worth $482,000 after buying an additional 603 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in Flowers Foods by 1.4% in the second quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock worth $1,003,000 after buying an additional 625 shares during the period. Finally, Inspire Investing LLC boosted its position in Flowers Foods by 5.6% during the 2nd quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock valued at $354,000 after acquiring an additional 842 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Up 0.9 %

Shares of Flowers Foods stock opened at $22.43 on Friday. Flowers Foods, Inc. has a 1 year low of $20.50 and a 1 year high of $26.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. The company has a 50-day moving average of $22.54 and a 200 day moving average of $22.80. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 4.23 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.28%. Flowers Foods’s dividend payout ratio is currently 84.21%.

Analyst Ratings Changes

Separately, StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th.

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.