1 week Ago By ABMN Staff
Prudential Financial Inc. decreased its position in Flowers Foods, Inc. ( NYSE:FLO – Free Report ) by 5.
3% during the 4th quarter, Holdings Channel reports. The fund owned 14,784 shares of the company’s stock after selling 830 shares during the quarter. Prudential Financial Inc.
’s holdings in Flowers Foods were worth $319,000 as of its most recent SEC filing. A number of other institutional investors also recently added to or reduced their stakes in FLO. Brooklyn Investment Group increased its position in shares of Flowers Foods by 171.
8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after purchasing an additional 1,658 shares during the last quarter. Blue Trust Inc.
grew its stake 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 worth $56,000 after purchasing an additional 694 shares in the last quarter. Quent Capital LLC increased its holdings in 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 buying an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Flowers Foods by 67.7% in the fourth quarter.
EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock valued at $68,000 after buying an additional 1,323 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Flowers Foods during the 4th quarter worth about $245,000.
Hedge funds and other institutional investors own 75.45% of the company’s stock. Flowers Foods Stock Down 0.
7 % FLO opened at $18.20 on Friday. The stock has a market capitalization of $3.
84 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 8.72 and a beta of 0.
40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.
95 and a current ratio of 1.20. Flowers Foods, Inc.
has a one year low of $17.33 and a one year high of $26.12.
The business’s 50-day simple moving average is $18.71 and its 200-day simple moving average is $20.51.
Flowers Foods Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.24 per share.
This represents a $0.96 annualized dividend and a yield of 5.28%.
The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s payout ratio is currently 82.05%.
Analyst Ratings Changes FLO has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Flowers Foods from $23.00 to $20.
00 and set a “hold” rating on the stock in a report on Monday, February 10th. DA Davidson lowered their price target on Flowers Foods from $24.00 to $21.
00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.
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 stock. According to MarketBeat, Flowers Foods presently has a consensus rating of “Hold” and a consensus target price of $21.00.
Read Our Latest Research Report on FLO Flowers Foods Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Flowers Foods, Inc. ( NYSE:FLO – Free Report ). Receive News & Ratings for Flowers Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods and related companies with MarketBeat.
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