Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in Flowers Foods, Inc. (NYSE:FLO) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 339,522 shares of the company’s stock after selling 21,050 shares during the period. Hsbc Holdings PLC owned about 0.16% of Flowers Foods worth $7,514,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Flowers Foods during the 1st quarter worth approximately $26,000. Lindbrook Capital LLC increased its position in shares of Flowers Foods by 80.3% during the first quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock worth $29,000 after acquiring an additional 538 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Flowers Foods during the fourth quarter worth $39,000. GAMMA Investing LLC increased its position in shares of Flowers Foods by 56.6% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock worth $55,000 after acquiring an additional 840 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Flowers Foods during the second quarter worth $59,000. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Stock Down 1.2 %

FLO stock opened at $23.16 on Tuesday. Flowers Foods, Inc. has a 12 month low of $19.64 and a 12 month high of $26.12. The company’s 50 day simple moving average is $22.87 and its 200-day simple moving average is $23.17. The firm has a market capitalization of $4.89 billion, a PE ratio of 39.25, a P/E/G 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 (NYSE:FLO) last announced its 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. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business earned $0.33 earnings per share. Flowers Foods’s revenue was down .3% compared to the same quarter last year. Equities analysts expect that Flowers Foods, Inc. will post 1.26 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.24 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.15%. Flowers Foods’s dividend payout ratio (DPR) is presently 162.71%.

Wall Street Analyst Weigh In

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

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.