DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Lowers Stock Position in Flowers Foods, Inc. (NYSE:FLO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,607 shares of the company's stock after selling 186,476 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.09% of Flowers Foods worth $3,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Northern Trust Corp raised its holdings in Flowers Foods by 22.0% in the fourth quarter. Northern Trust Corp now owns 1,742,145 shares of the company's stock valued at $35,993,000 after acquiring an additional 314,670 shares in the last quarter. Virtu Financial LLC acquired a new stake in Flowers Foods in the fourth quarter valued at approximately $276,000. SG Americas Securities LLC raised its holdings in Flowers Foods by 642.6% in the fourth quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock valued at $2,348,000 after acquiring an additional 98,335 shares in the last quarter. Ipsen Advisor Group LLC acquired a new stake in Flowers Foods in the fourth quarter valued at approximately $9,261,000. Finally, Teacher Retirement System of Texas raised its holdings in Flowers Foods by 98.8% in the fourth quarter. Teacher Retirement System of Texas now owns 174,056 shares of the company's stock valued at $3,596,000 after acquiring an additional 86,510 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company's stock.

Flowers Foods Stock Down 0.3%

FLO stock traded down $0.06 during midday trading on Friday, reaching $17.01. 2,477,662 shares of the company were exchanged, compared to its average volume of 1,592,272. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a 1-year low of $15.68 and a 1-year high of $25.67. The stock's 50-day simple moving average is $18.13 and its 200 day simple moving average is $19.67. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37.

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DA Davidson reduced their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Truist Financial cut their price objective 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.

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.