Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 82.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,180 shares of the company's stock after selling 67,240 shares during the period. Cresset Asset Management LLC's holdings in Flowers Foods were worth $293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLO. Canada Pension Plan Investment Board purchased a new position in Flowers Foods in the 4th quarter worth approximately $29,000. 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 stake in Flowers Foods by 34.4% in the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after acquiring an additional 694 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of Flowers Foods during the 4th quarter worth approximately $60,000. Finally, Quent Capital LLC boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Stock Performance

Shares of FLO traded down $0.01 during mid-day trading on Tuesday, reaching $17.13. 3,051,872 shares of the company's stock were exchanged, compared to its average volume of 1,603,560. 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 stock has a market capitalization of $3.62 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The business's fifty day simple moving average is $18.07 and its 200-day simple moving average is $19.57. Flowers Foods, Inc. has a 52-week low of $16.43 and a 52-week high of $24.81.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its earnings results on Friday, May 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.60 billion. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. On average, equities research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on FLO shares. DA Davidson cut 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 note on Monday, February 10th. Jefferies Financial Group cut their target price on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday. Truist Financial cut their target price on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.25.

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.