Xponance Inc. Sells 2,200 Shares of Flowers Foods, Inc. (NYSE:FLO)

Xponance Inc. reduced its stake in Flowers Foods, Inc. (NYSE:FLO) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,491 shares of the company’s stock after selling 2,200 shares during the period. Xponance Inc.’s holdings in Flowers Foods were worth $455,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FLO. Signaturefd LLC grew its stake in Flowers Foods by 2.0% in the second quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock worth $528,000 after purchasing an additional 466 shares in the last quarter. Taylor Frigon Capital Management LLC grew its position in shares of Flowers Foods by 0.9% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 52,279 shares of the company’s stock worth $1,242,000 after buying an additional 474 shares in the last quarter. Argyle Capital Management Inc. increased its stake in shares of Flowers Foods by 0.8% during the first quarter. Argyle Capital Management Inc. now owns 66,018 shares of the company’s stock valued at $1,568,000 after buying an additional 500 shares during the period. Lindbrook Capital LLC raised its holdings 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 valued at $29,000 after acquiring an additional 538 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted 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 acquiring an additional 603 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FLO. BNP Paribas began coverage on shares of Flowers Foods in a report on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 price target for the company. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.75.

Flowers Foods Stock Down 0.8 %

Shares of Flowers Foods stock opened at $23.07 on Tuesday. Flowers Foods, Inc. has a 52-week low of $19.64 and a 52-week high of $26.12. The firm’s 50 day moving average price is $22.92 and its 200-day moving average price is $23.17. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. The company has a market cap of $4.87 billion, a P/E ratio of 39.10, a PEG ratio of 4.43 and a beta of 0.36.

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

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.16%. Flowers Foods’s dividend payout ratio (DPR) is currently 162.71%.

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.