Flowers Foods, Inc. (NYSE:FLO) Position Lessened by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,708 shares of the company’s stock after selling 3,337 shares during the period. Amalgamated Bank owned about 0.06% of Flowers Foods worth $2,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Flowers Foods by 5.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 74,153 shares of the company’s stock worth $1,669,000 after buying an additional 4,089 shares during the last quarter. Norges Bank acquired a new position in Flowers Foods during the fourth quarter worth $26,016,000. PNC Financial Services Group Inc. increased its position in Flowers Foods by 13.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,092 shares of the company’s stock worth $272,000 after buying an additional 1,453 shares during the last quarter. US Bancorp DE increased its position in Flowers Foods by 28.6% during the fourth quarter. US Bancorp DE now owns 58,412 shares of the company’s stock worth $1,315,000 after buying an additional 12,993 shares during the last quarter. Finally, United Services Automobile Association increased its position in Flowers Foods by 14.2% during the fourth quarter. United Services Automobile Association now owns 15,327 shares of the company’s stock worth $345,000 after buying an additional 1,908 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. BNP Paribas began coverage on shares of Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Flowers Foods currently has an average rating of “Hold” and an average target price of $22.75.

Flowers Foods Trading Down 0.9 %

Shares of NYSE:FLO opened at $22.94 on Wednesday. The company has a market cap of $4.84 billion, a P/E ratio of 38.88, a P/E/G ratio of 4.36 and a beta of 0.36. The stock’s 50-day moving average is $22.89 and its 200-day moving average is $23.17. Flowers Foods, Inc. has a 52-week low of $19.64 and a 52-week high of $26.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.19.

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

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, September 6th. Flowers Foods’s dividend payout ratio (DPR) is presently 162.71%.

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.