Rhumbline Advisers Has $12.61 Million Holdings in Flowers Foods, Inc. (NYSE:FLO)

Rhumbline Advisers lifted its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610,256 shares of the company’s stock after buying an additional 640 shares during the period. Rhumbline Advisers owned about 0.29% of Flowers Foods worth $12,608,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. grew its holdings in 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. Wealth Enhancement Advisory Services LLC acquired a new position in Flowers Foods during the 3rd quarter valued at about $200,000. DekaBank Deutsche Girozentrale boosted its stake in Flowers Foods by 42.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 81,209 shares of the company’s stock valued at $1,885,000 after purchasing an additional 24,137 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Flowers Foods by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,177 shares of the company’s stock valued at $719,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Flowers Foods by 18.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 49,376 shares of the company’s stock worth $1,139,000 after buying an additional 7,655 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. DA Davidson reduced their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Truist Financial reduced their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, February 10th. One investment 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.00.

Flowers Foods Stock Up 1.8 %

Shares of NYSE:FLO opened at $19.41 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. The firm has a market capitalization of $4.09 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 8.72 and a beta of 0.38. The firm has a fifty day moving average of $19.72 and a 200 day moving average of $21.60. Flowers Foods, Inc. has a 52-week low of $17.99 and a 52-week high of $26.12.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same period in the prior year, the firm earned $0.20 earnings per share. As a group, research analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.05%.

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.