Autumn Glory Partners LLC Lowers Position in Flowers Foods, Inc. (NYSE:FLO)

Autumn Glory Partners LLC cut its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 51.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,622 shares of the company's stock after selling 50,378 shares during the quarter. Autumn Glory Partners LLC's holdings in Flowers Foods were worth $886,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its holdings in Flowers Foods by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company's stock worth $604,000 after buying an additional 620 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after purchasing an additional 694 shares in the last quarter. Mariner LLC raised its holdings in shares of Flowers Foods by 1.0% in the 4th quarter. Mariner LLC now owns 112,027 shares of the company's stock valued at $2,314,000 after purchasing an additional 1,089 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Flowers Foods by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 13,433 shares of the company's stock valued at $278,000 after purchasing an additional 1,101 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Flowers Foods by 3.3% in the 4th quarter. LPL Financial LLC now owns 36,133 shares of the company's stock valued at $747,000 after purchasing an additional 1,148 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Flowers Foods news, Director Thomas Caldecot Chubb III acquired 3,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $16.88 per share, with a total value of $50,640.00. Following the transaction, the director now owns 45,861 shares of the company's stock, valued at approximately $774,133.68. This trade represents a 7.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George E. Deese acquired 6,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $16.84 per share, for a total transaction of $101,040.00. Following the completion of the transaction, the director now directly owns 2,004,990 shares in the company, valued at $33,764,031.60. The trade was a 0.30% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 12,000 shares of company stock worth $202,440 in the last ninety days. 11.57% of the stock is owned by corporate insiders.

Flowers Foods Stock Down 0.1%

NYSE:FLO traded down $0.02 during midday trading on Friday, hitting $15.88. 3,660,779 shares of the company were exchanged, compared to its average volume of 1,754,151. The company has a fifty day simple moving average of $17.12 and a 200 day simple moving average of $18.61. Flowers Foods, Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $23.87. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.35 billion, a PE ratio of 14.70 and a beta of 0.34.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings results on Friday, May 16th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). Flowers Foods had a return on equity of 18.91% and a net margin of 4.49%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. Flowers Foods's revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were paid a dividend of $0.2475 per share. This is a positive change from Flowers Foods's previous quarterly dividend of $0.24. This represents a $0.99 annualized dividend and a yield of 6.24%. The ex-dividend date was Thursday, June 5th. Flowers Foods's dividend payout ratio (DPR) is currently 91.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FLO. Jefferies Financial Group reduced their price objective on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Wall Street Zen lowered shares of Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.