Two Sigma Investments LP Has $10.95 Million Stake in Flowers Foods, Inc. (NYSE:FLO)

Two Sigma Investments LP lifted its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 59.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,057 shares of the company's stock after purchasing an additional 197,779 shares during the quarter. Two Sigma Investments LP owned 0.25% of Flowers Foods worth $10,951,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FLO. Barclays PLC increased its holdings in shares of Flowers Foods by 88.6% during the third quarter. Barclays PLC now owns 287,625 shares of the company's stock worth $6,636,000 after purchasing an additional 135,111 shares during the period. SG Americas Securities LLC increased its holdings in shares of Flowers Foods by 642.6% during the fourth quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock worth $2,348,000 after purchasing an additional 98,335 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Flowers Foods by 10.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 105,514 shares of the company's stock worth $2,180,000 after purchasing an additional 9,626 shares during the period. Inspire Investing LLC increased its stake in Flowers Foods by 9.2% in the fourth quarter. Inspire Investing LLC now owns 19,460 shares of the company's stock valued at $402,000 after acquiring an additional 1,634 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Flowers Foods by 3.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company's stock valued at $665,000 after acquiring an additional 1,066 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Monday, February 10th. Jefferies Financial Group decreased their price objective 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. DA Davidson decreased their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Flowers Foods has a consensus rating of "Hold" and a consensus target price of $19.25.

Flowers Foods Price Performance

Flowers Foods stock traded down $0.17 during mid-day trading on Thursday, reaching $16.85. The company had a trading volume of 1,046,281 shares, compared to its average volume of 1,636,834. Flowers Foods, Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $23.87. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The company has a market cap of $3.56 billion, a P/E ratio of 14.41, a P/E/G ratio of 8.72 and a beta of 0.37. The business has a fifty day simple moving average of $17.84 and a 200 day simple moving average of $19.34.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its earnings results on Friday, May 16th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The business's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Thursday, June 5th. This is a positive change from Flowers Foods's previous quarterly dividend of $0.24. Flowers Foods's payout ratio is 91.67%.

Insider Transactions at Flowers Foods

In other Flowers Foods news, Director William Jameson Mcfadden purchased 3,000 shares of the business's stock in a transaction dated 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 acquisition, the director now owns 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George E. Deese purchased 6,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $16.84 per share, for a total transaction of $101,040.00. Following the acquisition, the director now owns 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 90 days, insiders have acquired 12,000 shares of company stock worth $202,440. Company insiders own 11.57% of the company's stock.

About Flowers Foods

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.