Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,742,145 shares of the company's stock after buying an additional 314,670 shares during the quarter. Northern Trust Corp owned about 0.83% of Flowers Foods worth $35,993,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FLO. Tudor Investment Corp ET AL boosted its stake in shares of Flowers Foods by 25.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 439,886 shares of the company's stock valued at $9,088,000 after acquiring an additional 89,574 shares during the last quarter. Quarry LP boosted its stake in shares of Flowers Foods by 466.9% during the 4th quarter. Quarry LP now owns 7,506 shares of the company's stock worth $155,000 after purchasing an additional 6,182 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Flowers Foods during the fourth quarter worth about $347,000. Boothbay Fund Management LLC purchased a new stake in shares of Flowers Foods during the fourth quarter worth about $389,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Flowers Foods in the fourth quarter valued at approximately $997,000. Hedge funds and other institutional investors own 75.45% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. DA Davidson dropped their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, February 10th.

Flowers Foods Stock Down 2.0 %

Shares of FLO opened at $17.23 on Friday. Flowers Foods, Inc. has a fifty-two week low of $17.17 and a fifty-two week high of $26.12. The company's fifty day moving average is $18.28 and its two-hundred day moving average is $19.81. The firm has a market cap of $3.64 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date was Friday, February 28th. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

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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