Flowers Foods, Inc. (NYSE:FLO) Position Trimmed by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 10.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,897 shares of the company’s stock after selling 17,876 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of Flowers Foods worth $3,306,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FLO. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Flowers Foods in the first quarter valued at $2,224,000. Capstone Investment Advisors LLC bought a new position in Flowers Foods in the first quarter valued at about $2,422,000. Armistice Capital LLC bought a new position in Flowers Foods during the fourth quarter worth about $839,000. Southeast Asset Advisors Inc. boosted its holdings in Flowers Foods by 4.0% during the fourth quarter. Southeast Asset Advisors Inc. now owns 3,276,549 shares of the company’s stock worth $73,755,000 after buying an additional 125,761 shares during the last quarter. Finally, Norges Bank bought a new position in Flowers Foods during the fourth quarter worth about $26,016,000. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Up 1.3 %

Shares of Flowers Foods stock opened at $23.17 on Friday. The stock’s 50-day moving average is $22.63 and its 200 day moving average is $23.12. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 4.36 and a beta of 0.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91. Flowers Foods, Inc. has a one year low of $19.64 and a one year high of $26.12.

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

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.14%. Flowers Foods’s dividend payout ratio is presently 162.71%.

Analyst Ratings Changes

FLO has been the topic of a number of recent research reports. StockNews.com raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. BNP Paribas assumed coverage on Flowers Foods in a research note on Wednesday, July 10th. They set an “underperform” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.75.

About Flowers Foods

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.