Autumn Glory Partners LLC Sells 50,378 Shares of Flowers Foods, Inc. (NYSE:FLO)

Autumn Glory Partners LLC lowered its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 51.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,622 shares of the company's stock after selling 50,378 shares during the period. Autumn Glory Partners LLC's holdings in Flowers Foods were worth $886,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in Flowers Foods by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company's stock worth $604,000 after purchasing an additional 620 shares during the last quarter. Signature Wealth Management Group increased its holdings in Flowers Foods by 8.2% during the 1st quarter. Signature Wealth Management Group now owns 188,911 shares of the company's stock valued at $3,591,000 after purchasing an additional 14,356 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Flowers Foods by 13.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 119,305 shares of the company's stock worth $2,268,000 after acquiring an additional 13,791 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Flowers Foods by 31.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 42,476 shares of the company's stock worth $807,000 after acquiring an additional 10,285 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Flowers Foods by 3,837.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 342,067 shares of the company's stock worth $6,503,000 after acquiring an additional 333,379 shares during the period. Institutional investors own 75.45% of the company's stock.

Insider Buying and Selling at Flowers Foods

In related news, Director Thomas Caldecot Chubb III acquired 3,000 shares of Flowers Foods stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $16.88 per share, for a total transaction of $50,640.00. Following the purchase, the director now directly 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George E. Deese acquired 6,000 shares of Flowers Foods stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $16.84 per share, with a total value of $101,040.00. Following the completion of the purchase, the director now directly owns 2,004,990 shares in the company, valued at $33,764,031.60. This represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 12,000 shares of company stock worth $202,440. Insiders own 11.57% of the company's stock.

Flowers Foods Stock Performance

FLO stock opened at $15.90 on Thursday. The stock has a market capitalization of $3.36 billion, a PE ratio of 14.72 and a beta of 0.34. Flowers Foods, Inc. has a 12-month low of $15.74 and a 12-month 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 stock's 50 day simple moving average is $17.22 and its 200 day simple moving average is $18.76.

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 (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.60 billion. Flowers Foods had a net margin of 4.49% and a return on equity of 18.91%. The business's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. As a group, research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.2475 per share. The ex-dividend date is Thursday, June 5th. This is a positive change from Flowers Foods's previous quarterly dividend of $0.24. This represents a $0.99 dividend on an annualized basis and a yield of 6.23%. Flowers Foods's payout ratio is currently 91.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on FLO. Jefferies Financial Group dropped their price target on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Wall Street Zen cut Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.25.

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.

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