Robeco Institutional Asset Management B.V. Sells 74,375 Shares of 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% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,290 shares of the company's stock after selling 74,375 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Flowers Foods worth $2,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLO. Moran Wealth Management LLC increased its position in shares of Flowers Foods by 0.3% during the first 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 during the period. State of Alaska Department of Revenue boosted its position 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 valued at $604,000 after acquiring an additional 620 shares during the last quarter. Mariner LLC grew its holdings in Flowers Foods by 1.0% during the 4th quarter. Mariner LLC now owns 112,027 shares of the company's stock worth $2,314,000 after acquiring an additional 1,089 shares during the period. Cetera Investment Advisers raised its position 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 worth $278,000 after acquiring an additional 1,101 shares in the last quarter. 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.

Flowers Foods Stock Up 0.5%

Shares of FLO stock traded up $0.09 on Thursday, reaching $16.45. 1,678,920 shares of the company were exchanged, compared to its average volume of 1,814,393. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.26 and a quick ratio of 0.89. Flowers Foods, Inc. has a one year low of $15.74 and a one year high of $23.87. The company has a 50-day moving average of $16.74 and a 200-day moving average of $18.32. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 15.23 and a beta of 0.33.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its 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). Flowers Foods had a return on equity of 18.91% and a net margin of 4.49%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. Flowers Foods's revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Increases Dividend

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

Insider Transactions at Flowers Foods

In other Flowers Foods news, Director William Jameson Mcfadden purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $16.92 per share, with a total value of $50,760.00. Following the transaction, the director owned 532,476 shares in the company, valued at $9,009,493.92. The trade was a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Caldecot Chubb III acquired 3,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $16.88 per share, with a total value of $50,640.00. Following the completion of the purchase, the director owned 45,861 shares of the company's stock, valued at approximately $774,133.68. The trade was a 7.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 12,000 shares of company stock valued at $202,440 over the last three months. Corporate insiders own 11.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FLO. Jefferies Financial Group decreased their target price on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Wall Street Zen downgraded shares of 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $19.25.

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.