Flowers Foods, Inc. (NYSE:FLO) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 416.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,757 shares of the company’s stock after buying an additional 203,807 shares during the period. Victory Capital Management Inc.’s holdings in Flowers Foods were worth $5,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AMG National Trust Bank acquired a new stake in Flowers Foods in the second quarter valued at $711,000. Assenagon Asset Management S.A. grew its holdings in shares of Flowers Foods by 267.5% during the second quarter. Assenagon Asset Management S.A. now owns 204,371 shares of the company’s stock worth $4,537,000 after purchasing an additional 148,753 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Flowers Foods during the first quarter worth about $581,000. Thomasville National Bank grew its holdings in shares of Flowers Foods by 30.2% during the third quarter. Thomasville National Bank now owns 429,014 shares of the company’s stock worth $9,897,000 after purchasing an additional 99,599 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Flowers Foods by 1.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,147,242 shares of the company’s stock worth $25,469,000 after purchasing an additional 18,852 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Flowers Foods Stock Performance

NYSE FLO opened at $22.43 on Friday. 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 52-week low of $20.50 and a 52-week high of $26.12. The business’s 50-day moving average price is $22.55 and its 200 day moving average price is $22.81. The firm has a market cap of $4.72 billion, a P/E ratio of 19.49, a P/E/G ratio of 4.16 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted $0.29 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, equities research analysts expect that Flowers Foods, Inc. will post 1.27 earnings per share for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, November 29th. 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.