Flowers Foods, Inc. (NYSE:FLO) Stock Position Reduced by Barclays PLC

Barclays PLC decreased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 38.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,081 shares of the company's stock after selling 109,544 shares during the quarter. Barclays PLC owned about 0.08% of Flowers Foods worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position 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 worth $54,000 after purchasing an additional 1,658 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 buying an additional 694 shares in the last quarter. Quent Capital LLC boosted its position in Flowers Foods by 104.2% in the 4th 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. Covestor Ltd boosted its holdings in Flowers Foods by 622.5% in the fourth quarter. Covestor Ltd now owns 3,049 shares of the company's stock valued at $63,000 after purchasing an additional 2,627 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 valued at $68,000 after acquiring an additional 1,323 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Stock Performance

Shares of NYSE FLO traded up $0.30 during mid-day trading on Friday, hitting $17.55. The company had a trading volume of 935,575 shares, compared to its average volume of 1,535,492. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 8.72 and a beta of 0.40. The firm's 50 day simple moving average is $18.45 and its two-hundred day simple moving average is $20.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. Flowers Foods, Inc. has a 12 month low of $17.21 and a 12 month high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business posted $0.20 earnings per share. As a group, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.47%. The ex-dividend date was Friday, February 28th. Flowers Foods's dividend payout ratio (DPR) is currently 82.05%.

Analyst Ratings Changes

Several brokerages have recently commented on FLO. DA Davidson reduced their price target on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Truist Financial decreased their target price 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.00.

About Flowers Foods

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.