Brown Advisory Inc. Has $3.30 Million Holdings in Flowers Foods, Inc. (NYSE:FLO)

Brown Advisory Inc. increased its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,563 shares of the company's stock after buying an additional 20,266 shares during the quarter. Brown Advisory Inc. owned approximately 0.08% of Flowers Foods worth $3,299,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Flowers Foods in the 4th quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Flowers Foods during the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Flowers Foods by 617.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock valued at $32,000 after purchasing an additional 1,463 shares during the last quarter. UMB Bank n.a. lifted its holdings in Flowers Foods by 2,191.6% during the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock valued at $41,000 after purchasing an additional 2,082 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new stake in Flowers Foods during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Stock Down 0.4%

FLO stock opened at $15.76 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.26 and a quick ratio of 0.89. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.59 and a beta of 0.33. The business's fifty day moving average price is $16.54 and its two-hundred day moving average price is $18.11. Flowers Foods, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $23.87.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. Flowers Foods had a return on equity of 18.91% and a net margin of 4.49%. The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current 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 given a $0.2475 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 6.28%. This is a boost from Flowers Foods's previous quarterly dividend of $0.24. Flowers Foods's dividend payout ratio (DPR) is presently 91.67%.

Insider Buying and Selling

In related news, Director William Jameson Mcfadden purchased 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $16.92 per share, for a total transaction of $50,760.00. Following the completion of the transaction, the director owned 532,476 shares of the company's stock, valued at approximately $9,009,493.92. This trade represents a 0.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director George E. Deese purchased 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $16.84 per share, for a total transaction of $101,040.00. Following the transaction, the director directly owned 2,004,990 shares of the company's stock, valued at $33,764,031.60. This trade represents a 0.30% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 12,000 shares of company stock worth $202,440. Company insiders own 11.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. Jefferies Financial Group cut their price target on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a report on Friday, May 16th.

Flowers Foods 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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