Beacon Pointe Advisors LLC Sells 143,210 Shares of Flowers Foods, Inc. (NYSE:FLO)

Beacon Pointe Advisors LLC reduced its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 83.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,390 shares of the company's stock after selling 143,210 shares during the period. Beacon Pointe Advisors LLC's holdings in Flowers Foods were worth $587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLO. Wasatch Advisors LP bought a new position in shares of Flowers Foods during the 4th quarter valued at about $58,476,000. Norges Bank purchased a new stake in Flowers Foods in the fourth quarter worth approximately $42,591,000. Fuller & Thaler Asset Management Inc. grew its position in Flowers Foods by 28.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,381,444 shares of the company's stock valued at $90,521,000 after acquiring an additional 965,097 shares during the last quarter. Invesco Ltd. raised its stake in shares of Flowers Foods by 33.7% during the fourth quarter. Invesco Ltd. now owns 2,475,242 shares of the company's stock worth $51,138,000 after acquiring an additional 623,800 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Flowers Foods in the 4th quarter worth approximately $12,058,000. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FLO shares. Truist Financial reduced their target price on shares of 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 reduced their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. One equities research 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.00.

Flowers Foods Stock Up 1.7 %

Shares of NYSE FLO opened at $17.55 on Friday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 8.72 and a beta of 0.40. 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 firm's fifty day moving average is $18.42 and its 200 day moving average is $19.98. Flowers Foods, Inc. has a 52 week low of $17.21 and a 52 week high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating 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 quarter in the prior year, the business earned $0.20 earnings per share. On average, equities research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

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

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