Jane Street Group LLC Acquires 33,480 Shares of Flowers Foods, Inc. (NYSE:FLO)

Jane Street Group LLC boosted its holdings in Flowers Foods, Inc. (NYSE:FLO) by 85.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,886 shares of the company’s stock after purchasing an additional 33,480 shares during the period. Jane Street Group LLC’s holdings in Flowers Foods were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC acquired a new position in Flowers Foods during the third quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in shares of Flowers Foods by 18,254.5% during the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after acquiring an additional 2,008 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Flowers Foods during the 3rd quarter worth approximately $52,000. Headlands Technologies LLC bought a new stake in Flowers Foods in the 2nd quarter valued at $59,000. Finally, Quest Partners LLC lifted its holdings in Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after purchasing an additional 3,294 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Price Performance

FLO stock opened at $20.56 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. Flowers Foods, Inc. has a 52-week low of $20.21 and a 52-week high of $26.12. The company has a market capitalization of $4.33 billion, a P/E ratio of 18.04, a PEG ratio of 4.04 and a beta of 0.37. The company has a fifty day moving average price of $21.93 and a 200-day moving average price of $22.41.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.19 billion for 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 company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is currently 84.21%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

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.