Robeco Institutional Asset Management B.V. Has $2.69 Million Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Robeco Institutional Asset Management B.V. decreased its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,290 shares of the company's stock after selling 74,375 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Flowers Foods worth $2,686,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Moran Wealth Management LLC lifted its holdings in Flowers Foods by 0.3% during the 1st quarter. Moran Wealth Management LLC now owns 191,278 shares of the company's stock worth $3,636,000 after buying an additional 570 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Flowers Foods by 2.0% in the 1st quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company's stock valued at $604,000 after purchasing an additional 620 shares during the period. Mariner LLC lifted its stake 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 during the period. Cetera Investment Advisers lifted its stake 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 during the period. Finally, LPL Financial LLC lifted its stake 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 during the period. Institutional investors and hedge funds own 75.45% of the company's stock.

Analyst Ratings Changes

FLO has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. Wall Street Zen downgraded Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $19.25.

Flowers Foods Trading Up 0.5%

Flowers Foods stock traded up $0.09 during mid-day trading on Friday, hitting $16.45. 1,678,920 shares of the company's stock were exchanged, compared to its average volume of 1,813,218. The firm has a market capitalization of $3.47 billion, a P/E ratio of 15.23 and a beta of 0.33. 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 quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.26. The company's 50 day simple moving average is $16.72 and its 200-day simple moving average is $18.27.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, May 16th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business 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 18.91% and a net margin of 4.49%. The business's quarterly revenue 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 anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Thursday, June 5th. This is a boost from Flowers Foods's previous quarterly dividend of $0.24. Flowers Foods's dividend payout ratio is 91.67%.

Insiders Place Their Bets

In other news, Director William Jameson Mcfadden bought 3,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $16.92 per share, for a total transaction of $50,760.00. Following the acquisition, the director owned 532,476 shares in the company, valued at approximately $9,009,493.92. This trade represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Caldecot Chubb III acquired 3,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $16.88 per share, with a total value of $50,640.00. Following the acquisition, the director directly owned 45,861 shares in the company, valued at $774,133.68. This represents a 7.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 12,000 shares of company stock worth $202,440. Corporate insiders own 11.57% of the company's stock.

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.