Deutsche Bank AG Grows Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Deutsche Bank AG grew its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 285.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,300 shares of the company's stock after purchasing an additional 57,232 shares during the period. Deutsche Bank AG's holdings in Flowers Foods were worth $1,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FLO. Canada Pension Plan Investment Board acquired a new position in shares of Flowers Foods during the fourth quarter worth about $29,000. Blue Trust Inc. grew its position in shares of Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after buying an additional 694 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Flowers Foods during the fourth quarter worth about $60,000. Quent Capital LLC grew its position in shares of Flowers Foods by 104.2% during the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after buying an additional 1,556 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Flowers Foods by 622.5% during the fourth quarter. Covestor Ltd now owns 3,049 shares of the company's stock worth $63,000 after buying an additional 2,627 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Thomas Caldecot Chubb III acquired 3,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $16.88 per share, with a total value of $50,640.00. Following the completion of the acquisition, the director now owns 45,861 shares of the company's stock, valued at $774,133.68. The trade was a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.57% of the company's stock.

Flowers Foods Stock Up 3.3%

FLO traded up $0.54 on Tuesday, reaching $17.02. The company's stock had a trading volume of 3,081,548 shares, compared to its average volume of 1,631,743. The stock has a 50 day moving average of $17.88 and a two-hundred day moving average of $19.38. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 8.72 and a beta of 0.37. Flowers Foods, Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $23.87.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $1.60 billion. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. As a group, analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.2475 dividend. This is an increase from Flowers Foods's previous quarterly dividend of $0.24. This represents a $0.99 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Thursday, June 5th. Flowers Foods's dividend payout ratio is presently 91.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial lowered their price objective on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Monday, February 10th. Wall Street Zen downgraded Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Jefferies Financial Group lowered 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. Finally, DA Davidson lowered their price target on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.