Federated Hermes Inc. Sells 3,486 Shares of Flowers Foods, Inc. (NYSE:FLO)

Federated Hermes Inc. cut its stake in Flowers Foods, Inc. (NYSE:FLO) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,818 shares of the company’s stock after selling 3,486 shares during the period. Federated Hermes Inc.’s holdings in Flowers Foods were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Flowers Foods by 99.2% during the second quarter. American Century Companies Inc. now owns 181,926 shares of the company’s stock worth $4,039,000 after buying an additional 90,587 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in shares of Flowers Foods by 264.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 3,494 shares of the company’s stock worth $78,000 after acquiring an additional 2,534 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of Flowers Foods by 2.4% in the second quarter. AGF Management Ltd. now owns 102,255 shares of the company’s stock valued at $2,270,000 after purchasing an additional 2,433 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Flowers Foods in the second quarter worth $59,000. Finally, Oak Thistle LLC bought a new stake in shares of Flowers Foods in the second quarter worth $818,000. Institutional investors own 75.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FLO shares. StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. BNP Paribas initiated coverage on Flowers Foods in a report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 target price on the stock. 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. According to MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $22.75.

Flowers Foods Stock Down 1.2 %

Shares of FLO stock opened at $23.16 on Tuesday. Flowers Foods, Inc. has a 52-week low of $19.64 and a 52-week high of $26.12. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 4.36 and a beta of 0.36. The firm’s 50-day moving average is $22.87 and its 200-day moving average is $23.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.19.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Friday, August 16th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Sell-side analysts predict that Flowers Foods, Inc. will post 1.26 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Friday, September 6th. Flowers Foods’s payout ratio is 162.71%.

Flowers Foods Company 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.