Quest Partners LLC Buys 3,294 Shares of Flowers Foods, Inc. (NYSE:FLO)

Quest Partners LLC boosted its stake in Flowers Foods, Inc. (NYSE:FLO) by 329,400.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,295 shares of the company’s stock after purchasing an additional 3,294 shares during the quarter. Quest Partners LLC’s holdings in Flowers Foods were worth $76,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Flowers Foods by 2.0% in the 2nd quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock valued at $528,000 after acquiring an additional 466 shares during the period. Taylor Frigon Capital Management LLC raised its holdings in Flowers Foods by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock worth $1,172,000 after purchasing an additional 500 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Flowers Foods by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock worth $482,000 after purchasing an additional 603 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in shares of Flowers Foods by 1.4% during the second quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock worth $1,003,000 after purchasing an additional 625 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Flowers Foods by 5.6% in the 2nd quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock valued at $354,000 after buying an additional 842 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Price Performance

NYSE FLO opened at $22.62 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 4.33 and a beta of 0.36. The business has a 50 day simple moving average of $22.44 and a 200 day simple moving average of $22.71. Flowers Foods, Inc. has a 52-week low of $20.50 and a 52-week high of $26.12.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company 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 firm’s 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. Analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.24%. Flowers Foods’s dividend payout ratio (DPR) is 84.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

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.