Texas Yale Capital Corp. Makes New $828,000 Investment in Flowers Foods, Inc. (NYSE:FLO)

Key Points

• Texas Yale Capital Corp. invested approximately $828,000 in Flowers Foods, acquiring 43,555 shares of the company during the first quarter.
• Flowers Foods reported a quarterly earnings per share (EPS) of $0.35, missing analysts' expectations by $0.03, with revenue of $1.55 billion.
• The company recently announced an increase in its quarterly dividend to $0.2475 per share, representing a yield of 6.09%.

Texas Yale Capital Corp. acquired a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,555 shares of the company's stock, valued at approximately $828,000.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Flowers Foods by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,737,981 shares of the company's stock worth $469,767,000 after buying an additional 518,745 shares in the last quarter. Cooke & Bieler LP grew its stake in Flowers Foods by 2.9% during the first quarter. Cooke & Bieler LP now owns 5,612,523 shares of the company's stock worth $106,694,000 after buying an additional 159,460 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Flowers Foods by 28.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,381,444 shares of the company's stock valued at $90,521,000 after purchasing an additional 965,097 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Flowers Foods by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,299,631 shares of the company's stock valued at $88,829,000 after purchasing an additional 428,963 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Flowers Foods by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,219,943 shares of the company's stock valued at $87,205,000 after purchasing an additional 60,867 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Trading Up 0.4%

FLO opened at $16.26 on Monday. The company's 50 day moving average is $16.23 and its 200-day moving average is $17.77. The company has a market cap of $3.43 billion, a P/E ratio of 15.05 and a beta of 0.33. Flowers Foods, Inc. has a 1-year low of $15.27 and a 1-year 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.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data 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 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 firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. Equities research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were issued a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Thursday, June 5th. This is a positive change from Flowers Foods's previous quarterly dividend of $0.24. Flowers Foods's dividend payout ratio (DPR) is 91.67%.

Insider Activity at Flowers Foods

In other Flowers Foods news, Director Thomas Caldecot Chubb III acquired 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $16.88 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George E. Deese acquired 6,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $16.84 per share, with a total value of $101,040.00. Following the acquisition, the director owned 2,004,990 shares in the company, valued at $33,764,031.60. The trade was a 0.30% 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 worth $202,440 in the last quarter. 11.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FLO has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of 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 shares of Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.

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.

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