Russell Investments Group Ltd. Sells 32,679 Shares of Flowers Foods, Inc. (NYSE:FLO)

Russell Investments Group Ltd. trimmed its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,317 shares of the company's stock after selling 32,679 shares during the period. Russell Investments Group Ltd.'s holdings in Flowers Foods were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FLO. Jane Street Group LLC increased its holdings in shares of Flowers Foods by 85.0% in the third quarter. Jane Street Group LLC now owns 72,886 shares of the company's stock valued at $1,681,000 after purchasing an additional 33,480 shares during the last quarter. Barclays PLC grew its stake in shares of Flowers Foods by 88.6% in the third quarter. Barclays PLC now owns 287,625 shares of the company's stock valued at $6,636,000 after acquiring an additional 135,111 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Flowers Foods by 4.8% in the third quarter. Tidal Investments LLC now owns 27,266 shares of the company's stock valued at $629,000 after acquiring an additional 1,261 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Flowers Foods by 144.5% in the third quarter. Synovus Financial Corp now owns 40,422 shares of the company's stock valued at $933,000 after acquiring an additional 23,890 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Flowers Foods by 21.6% in the third quarter. Franklin Resources Inc. now owns 135,572 shares of the company's stock valued at $3,080,000 after acquiring an additional 24,085 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Price Performance

NYSE:FLO traded down $0.17 on Tuesday, hitting $17.50. The company had a trading volume of 239,268 shares, compared to its average volume of 1,516,825. Flowers Foods, Inc. has a 52 week low of $17.33 and a 52 week high of $26.12. 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 stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 8.72 and a beta of 0.40. The firm has a 50 day moving average of $18.56 and a two-hundred day moving average of $20.11.

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

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 5.49%. Flowers Foods's dividend payout ratio is 82.05%.

Analyst Ratings Changes

Several research firms recently commented on FLO. DA Davidson decreased their price target 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. Truist Financial cut their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.00.

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.