Janney Montgomery Scott LLC Increases Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Janney Montgomery Scott LLC raised its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,888 shares of the company’s stock after purchasing an additional 2,447 shares during the period. Janney Montgomery Scott LLC’s holdings in Flowers Foods were worth $2,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Flowers Foods by 2.0% during the second quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock valued at $528,000 after buying an additional 466 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its stake in Flowers Foods by 1.0% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock valued at $1,172,000 after acquiring an additional 500 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Flowers Foods by 2.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock valued at $482,000 after acquiring an additional 603 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in shares of Flowers Foods by 1.4% in the second quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock worth $1,003,000 after acquiring an additional 625 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Flowers Foods by 5.6% during the second quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock valued at $354,000 after purchasing an additional 842 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Trading Up 0.7 %

Flowers Foods stock opened at $21.71 on Wednesday. The business has a 50-day simple moving average of $22.78 and a two-hundred day simple moving average of $22.96. The company has a market cap of $4.57 billion, a P/E ratio of 19.04, a P/E/G ratio of 4.16 and a beta of 0.36. Flowers Foods, Inc. has a 52-week low of $20.50 and a 52-week high of $26.12. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Analysts predict that Flowers Foods, Inc. will post 1.25 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 $0.24 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.42%. Flowers Foods’s dividend payout ratio is currently 84.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.75.

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.