1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its holdings in shares of Flowers Foods, Inc. ( NYSE:FLO – Free Report ) by 17.
4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,335 shares of the company’s stock after buying an additional 118,583 shares during the period. JPMorgan Chase & Co.
’s holdings in Flowers Foods were worth $16,556,000 at the end of the most recent reporting period. Several other large investors also recently bought and sold shares of FLO. Brooklyn Investment Group lifted its stake in Flowers Foods by 171.
8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after acquiring an additional 1,658 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 purchasing an additional 694 shares during the last quarter. Quent Capital LLC lifted its position in Flowers Foods by 104.2% during 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. EverSource Wealth Advisors LLC boosted its holdings in Flowers Foods by 67.7% in the fourth quarter.
EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock worth $68,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Flowers Foods in the 4th quarter worth approximately $245,000.
75.45% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of research firms have recently issued reports on FLO.
Truist Financial dropped their price target on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th.
DA Davidson dropped their target price 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 lowered shares of 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 assigned a hold rating and one has issued a buy rating to the stock.
According to MarketBeat, Flowers Foods presently has an average rating of “Hold” and an average price target of $21.00. Flowers Foods Trading Up 1.
5 % NYSE:FLO opened at $18.47 on Friday. The firm has a market capitalization of $3.
89 billion, a price-to-earnings ratio of 15.79, 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 current ratio of 1.
20 and a quick ratio of 0.95. The business has a fifty day moving average price of $18.
69 and a 200-day moving average price of $20.47. Flowers Foods, Inc.
has a one year low of $17.33 and a one year high of $26.12.
Flowers Foods ( NYSE:FLO – Get Free Report ) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share 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 quarter in the previous year, the company posted $0.
20 EPS. Sell-side analysts forecast that Flowers Foods, Inc. will post 1.
18 EPS for the current year. Flowers Foods Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.
24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.
20%. The ex-dividend date was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.
05%. Flowers Foods 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.
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