Swiss National Bank Sells 2,900 Shares of Flowers Foods, Inc. (NYSE:FLO)

Swiss National Bank decreased its position in Flowers Foods, Inc. (NYSE:FLO) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 391,463 shares of the company’s stock after selling 2,900 shares during the period. Swiss National Bank owned about 0.19% of Flowers Foods worth $9,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC bought a new position in shares of Flowers Foods during the 3rd quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in shares of Flowers Foods by 18,254.5% in the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock valued at $45,000 after buying an additional 2,008 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Flowers Foods in the third quarter valued at about $52,000. Headlands Technologies LLC acquired a new stake in Flowers Foods in the 2nd quarter valued at approximately $59,000. Finally, Versant Capital Management Inc boosted its holdings in Flowers Foods by 7,694.7% during the second quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock worth $66,000 after purchasing an additional 2,924 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Flowers Foods Stock Performance

NYSE:FLO opened at $22.43 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $22.54 and a 200 day simple moving average of $22.78. Flowers Foods, Inc. has a 1-year low of $20.50 and a 1-year high of $26.12. The stock has a market cap of $4.72 billion, a P/E ratio of 19.68, a PEG ratio of 4.23 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Research analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.24 per share. 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 payout ratio is presently 84.21%.

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.