Flowers Foods, Inc. (NYSE:FLO) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,125 shares of the company’s stock after purchasing an additional 2,059 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Flowers Foods were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Flowers Foods during the first quarter worth approximately $26,000. Hexagon Capital Partners LLC acquired a new position in shares of Flowers Foods in the 3rd quarter valued at $29,000. GAMMA Investing LLC increased its holdings in shares of Flowers Foods by 56.6% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock valued at $55,000 after acquiring an additional 840 shares during the period. Headlands Technologies LLC acquired a new position in shares of Flowers Foods in the 2nd quarter valued at $59,000. Finally, Versant Capital Management Inc increased its stake in Flowers Foods by 7,694.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $66,000 after buying an additional 2,924 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FLO shares. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. BNP Paribas started coverage on shares of Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective for the company. One investment 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 an average price target of $22.75.

Flowers Foods Stock Down 0.5 %

Shares of Flowers Foods stock opened at $22.96 on Friday. 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, Inc. has a one year low of $19.64 and a one year high of $26.12. The company has a market cap of $4.85 billion, a P/E ratio of 38.92, a PEG ratio of 4.32 and a beta of 0.36. The firm has a fifty day moving average of $23.00 and a two-hundred day moving average of $23.12.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts forecast that Flowers Foods, Inc. will post 1.26 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.24 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. 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.