Sei Investments Co. Sells 107,262 Shares of Flowers Foods, Inc. (NYSE:FLO)

Sei Investments Co. lessened its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 35.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,302 shares of the company’s stock after selling 107,262 shares during the period. Sei Investments Co. owned 0.09% of Flowers Foods worth $4,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FLO. Brooklyn Investment Group raised its position in shares of Flowers Foods by 171.8% during 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 in the last quarter. Blue Trust Inc. lifted its stake in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after purchasing an additional 694 shares during the period. Quent Capital LLC lifted its position in Flowers Foods by 104.2% during the 4th 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 period. EverSource Wealth Advisors LLC lifted its position in Flowers Foods by 67.7% during the 4th 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 period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Flowers Foods in the fourth quarter worth about $245,000. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

FLO stock opened at $18.94 on Thursday. Flowers Foods, Inc. has a 1-year low of $17.95 and a 1-year high of $26.12. The business has a fifty day moving average price of $18.94 and a 200-day moving average price of $20.77. The stock has a market capitalization of $3.99 billion, a P/E ratio of 16.19, a P/E/G ratio of 8.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO) last issued 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 quarter in the previous year, the firm posted $0.20 EPS. Equities analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is currently 82.05%.

Analysts Set New Price Targets

FLO has been the topic of several analyst reports. DA Davidson dropped their target price on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Truist Financial dropped 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 note on Monday, February 10th. Finally, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.