Corient Private Wealth LLC Takes Position in Flowers Foods, Inc. (NYSE:FLO)

Corient Private Wealth LLC purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,768 shares of the company’s stock, valued at approximately $677,000.

Several other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group lifted its holdings in Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after buying an additional 1,658 shares during the period. Blue Trust Inc. lifted its stake in shares of Flowers Foods by 34.4% in the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after acquiring an additional 694 shares during the period. Quent Capital LLC boosted its holdings in Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock valued at $63,000 after acquiring an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Flowers Foods by 67.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock valued at $68,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Quest Partners LLC increased its position 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 period. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Performance

Shares of FLO stock opened at $18.87 on Friday. The firm has a 50 day moving average of $18.98 and a 200-day moving average of $20.87. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a 52 week low of $17.95 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, 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 period in the prior year, the company earned $0.20 earnings per share. On average, equities analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.05%.

Wall Street Analysts Forecast Growth

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

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.