Kapitalo Investimentos Ltda Has $395,000 Position in Flowers Foods, Inc. (NYSE:FLO)

Kapitalo Investimentos Ltda cut its position in Flowers Foods, Inc. (NYSE:FLO) by 56.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,545 shares of the company’s stock after selling 22,785 shares during the period. Kapitalo Investimentos Ltda’s holdings in Flowers Foods were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. bought a new position in shares of Flowers Foods in the fourth quarter worth about $30,000. GAMMA Investing LLC bought a new position in shares of Flowers Foods in the fourth quarter worth about $34,000. Gladius Capital Management LP raised its stake in shares of Flowers Foods by 46.4% in the third quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock worth $34,000 after acquiring an additional 488 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Flowers Foods in the fourth quarter worth about $39,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Flowers Foods in the fourth quarter worth about $50,000. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Trading Down 0.8 %

FLO opened at $22.48 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.11 and a quick ratio of 0.82. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 5.80 and a beta of 0.37. The firm has a 50 day simple moving average of $23.89 and a 200 day simple moving average of $23.12. Flowers Foods, Inc. has a fifty-two week low of $19.64 and a fifty-two week high of $26.33.

Flowers Foods (NYSE:FLO) last posted its earnings results on Thursday, May 16th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Flowers Foods had a return on equity of 18.35% and a net margin of 2.45%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. On average, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.24 earnings per share for the current year.

Flowers Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.24 dividend. The ex-dividend date is Thursday, June 6th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.27%. Flowers Foods’s dividend payout ratio (DPR) is 162.71%.

Insiders Place Their Bets

In other news, Director Edward J. Jr. Casey bought 5,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were bought at an average cost of $23.55 per share, for a total transaction of $117,750.00. Following the completion of the acquisition, the director now owns 20,330 shares in the company, valued at approximately $478,771.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FLO shares. DA Davidson boosted their target price on shares of Flowers Foods from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. StockNews.com raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Flowers Foods from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Flowers Foods 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.