Flowers Foods, Inc. (NYSE:FLO) Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,106 shares of the company’s stock after selling 19,270 shares during the period. Nisa Investment Advisors LLC’s holdings in Flowers Foods were worth $622,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FLO. Hexagon Capital Partners LLC acquired a new stake in Flowers Foods in the third quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in shares of Flowers Foods by 18,254.5% in the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock valued at $45,000 after acquiring an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Flowers Foods in the 3rd quarter worth approximately $52,000. Brooklyn Investment Group boosted its position in Flowers Foods by 171.8% during the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after purchasing an additional 1,658 shares during the period. Finally, Quest Partners LLC grew its holdings in Flowers Foods by 329,400.0% during the third 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 last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

Flowers Foods Price Performance

Shares of Flowers Foods stock opened at $19.55 on Wednesday. The firm has a fifty day moving average price of $20.86 and a two-hundred day moving average price of $22.02. The company has a market cap of $4.12 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.82 and a beta of 0.39. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. Flowers Foods, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $26.12.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. Analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.91%. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

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.