Aquatic Capital Management LLC Sells 53,810 Shares of Flowers Foods, Inc. (NYSE:FLO)

Aquatic Capital Management LLC cut its holdings in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 88.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,090 shares of the company's stock after selling 53,810 shares during the quarter. Aquatic Capital Management LLC's holdings in Flowers Foods were worth $146,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FLO. Canada Pension Plan Investment Board purchased a new position in shares of Flowers Foods during the fourth quarter valued at $29,000. Brooklyn Investment Group increased its stake in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock worth $54,000 after acquiring an additional 1,658 shares during the period. Blue Trust Inc. boosted its position in Flowers Foods by 34.4% in the 4th 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. GeoWealth Management LLC acquired a new position in Flowers Foods in the 4th quarter worth about $60,000. Finally, Quent Capital LLC increased its stake in shares of Flowers Foods by 104.2% during the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after purchasing an additional 1,556 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. DA Davidson cut their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Truist Financial lowered their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.00.

Flowers Foods Stock Performance

FLO stock traded down $0.01 during mid-day trading on Wednesday, reaching $17.40. The company had a trading volume of 1,937,810 shares, compared to its average volume of 1,546,521. The stock's 50-day simple moving average is $18.36 and its two-hundred day simple moving average is $19.90. 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 capitalization of $3.67 billion, a P/E ratio of 14.87, a P/E/G ratio of 8.72 and a beta of 0.37. Flowers Foods, Inc. has a one year low of $17.17 and a one year high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned $0.20 earnings per share. Research analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's payout ratio is currently 82.05%.

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.