US Bancorp DE Has $730,000 Holdings in Flowers Foods, Inc. (NYSE:FLO)

US Bancorp DE boosted its position in Flowers Foods, Inc. (NYSE:FLO) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,334 shares of the company’s stock after buying an additional 1,465 shares during the quarter. US Bancorp DE’s holdings in Flowers Foods were worth $730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLO. Brooklyn Investment Group grew its stake in Flowers Foods by 171.8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after buying an additional 1,658 shares during the last quarter. Blue Trust Inc. grew its position in Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after purchasing an additional 694 shares during the last quarter. Quent Capital LLC grew its position in Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after purchasing an additional 1,556 shares during the last quarter. Quest Partners LLC grew its position in Flowers Foods by 329,400.0% in the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Flowers Foods by 84.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company’s stock worth $103,000 after purchasing an additional 2,041 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Truist Financial decreased their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, February 10th. Finally, DA Davidson decreased their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Flowers Foods Price Performance

Shares of Flowers Foods stock opened at $19.61 on Tuesday. 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’s 50-day simple moving average is $19.36 and its 200-day simple moving average is $21.30. Flowers Foods, Inc. has a twelve month low of $17.99 and a twelve month high of $26.12. The firm has a market cap of $4.13 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating 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 quarter last year, the company posted $0.20 EPS. As a group, research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, February 28th. Flowers Foods’s dividend payout ratio is currently 82.05%.

About Flowers Foods

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.