Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,459 shares of the company’s stock after selling 2,391 shares during the period. Mutual of America Capital Management LLC’s holdings in Flowers Foods were worth $2,137,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. D.A. Davidson & CO. raised its holdings in Flowers Foods by 4.4% during the 3rd quarter. D.A. Davidson & CO. now owns 11,819 shares of the company’s stock worth $273,000 after buying an additional 500 shares during the period. ClearAlpha Technologies LP raised its holdings in shares of Flowers Foods by 4.4% during the third quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company’s stock valued at $323,000 after acquiring an additional 590 shares during the period. Blue Trust Inc. raised its holdings in shares of Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after acquiring an additional 694 shares during the period. Independent Advisor Alliance lifted its position in shares of Flowers Foods by 8.6% in the 3rd quarter. Independent Advisor Alliance now owns 13,357 shares of the company’s stock valued at $308,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Flowers Foods by 3.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company’s stock worth $665,000 after purchasing an additional 1,066 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Trading Up 4.1 %

Flowers Foods stock opened at $19.40 on Friday. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4.09 billion, a P/E ratio of 16.58, a P/E/G ratio of 8.72 and a beta of 0.41. The company’s fifty day simple moving average is $19.38 and its 200-day simple moving average is $21.35.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same period in the prior year, the company earned $0.20 EPS. As a group, sell-side analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.95%. The ex-dividend date is Friday, February 28th. Flowers Foods’s payout ratio is presently 82.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DA Davidson reduced their target price on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, February 10th. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Finally, 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 research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.