Choreo LLC Has $514,000 Holdings in Flowers Foods, Inc. (NYSE:FLO)

Choreo LLC raised its position in Flowers Foods, Inc. (NYSE:FLO) by 120.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,026 shares of the company’s stock after purchasing an additional 13,678 shares during the quarter. Choreo LLC’s holdings in Flowers Foods were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FLO. Geode Capital Management LLC raised its position in Flowers Foods by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after buying an additional 259,216 shares during the last quarter. Ceredex Value Advisors LLC grew its stake in shares of Flowers Foods by 85.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 540,104 shares of the company’s stock worth $12,460,000 after acquiring an additional 248,800 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Flowers Foods by 423.1% in the third quarter. Edgestream Partners L.P. now owns 306,848 shares of the company’s stock valued at $7,079,000 after purchasing an additional 248,185 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Flowers Foods in the fourth quarter valued at approximately $4,461,000. Finally, Victory Capital Management Inc. lifted its position in shares of Flowers Foods by 416.4% in the third quarter. Victory Capital Management Inc. now owns 252,757 shares of the company’s stock worth $5,831,000 after purchasing an additional 203,807 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Price Performance

Shares of FLO opened at $18.74 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $20.28 and its 200 day simple moving average is $21.84. Flowers Foods, Inc. has a 1-year low of $18.36 and a 1-year high of $26.12. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 3.74 and a beta of 0.38.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data 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 4.70% and a return on equity of 19.41%. During the same quarter last year, the firm posted $0.20 EPS. On average, research analysts forecast that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 5.12%. Flowers Foods’s dividend payout ratio is 84.21%.

Wall Street Analyst Weigh In

FLO has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday. DA Davidson decreased their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday. Finally, StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Flowers Foods currently has an average rating of “Hold” and an average price target 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.