Asset Management One Co. Ltd. Sells 28,358 Shares of Flowers Foods, Inc. (NYSE:FLO)

Asset Management One Co. Ltd. trimmed its holdings in Flowers Foods, Inc. (NYSE:FLO) by 22.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,180 shares of the company’s stock after selling 28,358 shares during the period. Asset Management One Co. Ltd.’s holdings in Flowers Foods were worth $2,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in FLO. Blue Trust Inc. lifted its position in shares of Flowers Foods by 18,254.5% in the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after buying an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Flowers Foods during the third quarter valued at approximately $52,000. Brooklyn Investment Group grew its stake in shares of Flowers Foods by 171.8% during the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after buying an additional 1,658 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock valued at $63,000 after purchasing an additional 1,556 shares during the period. Finally, Quest Partners LLC boosted its holdings in shares of Flowers Foods by 329,400.0% in 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 period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Trading Up 2.9 %

Shares of Flowers Foods stock opened at $18.89 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $19.80 and its 200 day moving average price is $21.65. Flowers Foods, Inc. has a twelve month low of $17.99 and a twelve month high of $26.12. The firm has a market capitalization of $3.98 billion, a PE ratio of 16.14, a P/E/G ratio of 8.52 and a beta of 0.38.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same period last year, the business posted $0.20 EPS. On average, sell-side analysts predict that Flowers Foods, Inc. will post 1.17 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. Flowers Foods’s dividend payout ratio is currently 82.05%.

Analysts Set New Price Targets

Several analysts have recently commented on FLO shares. Truist Financial decreased their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, February 10th. DA Davidson cut their price target on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.00.

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.