Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 62.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,786 shares of the company’s stock after selling 26,134 shares during the period. Captrust Financial Advisors’ holdings in Flowers Foods were worth $364,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new stake in Flowers Foods during the third quarter worth approximately $29,000. Blue Trust Inc. grew its position 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 last quarter. Capital Performance Advisors LLP purchased a new stake in Flowers Foods in the third quarter valued at $52,000. Headlands Technologies LLC purchased a new stake in Flowers Foods in the second quarter valued at $59,000. Finally, Quest Partners LLC grew its holdings in shares of Flowers Foods by 329,400.0% during the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after purchasing an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Flowers Foods Stock Down 0.2 %

Shares of NYSE:FLO opened at $21.20 on Friday. Flowers Foods, Inc. has a 1-year low of $20.95 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 stock has a market cap of $4.46 billion, a P/E ratio of 18.61, a P/E/G ratio of 4.04 and a beta of 0.37. The firm has a fifty day moving average price of $22.29 and a 200 day moving average price of $22.56.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Sell-side analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, November 29th. Flowers Foods’s dividend payout ratio is presently 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.