Stifel Financial Corp Sells 657 Shares of Flowers Foods, Inc. (NYSE:FLO)

Stifel Financial Corp lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 3.2% during the third quarter, HoldingsChannel.com reports. The firm owned 19,924 shares of the company’s stock after selling 657 shares during the quarter. Stifel Financial Corp’s holdings in Flowers Foods were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FLO. Quantinno Capital Management LP grew its holdings in shares of Flowers Foods by 20.6% during the 3rd quarter. Quantinno Capital Management LP now owns 238,664 shares of the company’s stock worth $5,506,000 after purchasing an additional 40,691 shares in the last quarter. Holocene Advisors LP lifted its position in Flowers Foods by 163.2% during the third quarter. Holocene Advisors LP now owns 153,597 shares of the company’s stock worth $3,543,000 after purchasing an additional 95,248 shares during the period. Centiva Capital LP acquired a new stake in Flowers Foods during the third quarter worth about $978,000. ClearAlpha Technologies LP increased its holdings in Flowers Foods by 4.4% in the 3rd quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company’s stock valued at $323,000 after buying an additional 590 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in Flowers Foods by 423.1% in the 3rd quarter. Edgestream Partners L.P. now owns 306,848 shares of the company’s stock valued at $7,079,000 after buying an additional 248,185 shares during the period. 75.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th.

Flowers Foods Price Performance

Shares of FLO stock opened at $20.47 on Friday. The business has a fifty day simple moving average of $21.83 and a 200 day simple moving average of $22.38. The company has a market cap of $4.31 billion, a P/E ratio of 17.96, a P/E/G ratio of 4.04 and a beta of 0.37. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. Flowers Foods, Inc. has a twelve month low of $20.21 and a twelve month high of $26.12.

Flowers Foods (NYSE:FLO) last posted its earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts forecast that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.24 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.69%. Flowers Foods’s dividend payout ratio is currently 84.21%.

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.