Schonfeld Strategic Advisors LLC Lowers Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Schonfeld Strategic Advisors LLC reduced its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,096 shares of the company's stock after selling 52,504 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.06% of Flowers Foods worth $2,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in Flowers Foods by 22.0% during the fourth quarter. Northern Trust Corp now owns 1,742,145 shares of the company's stock worth $35,993,000 after purchasing an additional 314,670 shares during the period. Tudor Investment Corp ET AL increased its position in Flowers Foods by 25.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 439,886 shares of the company's stock worth $9,088,000 after acquiring an additional 89,574 shares during the period. Quarry LP raised its stake in Flowers Foods by 466.9% in 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 in the last quarter. Oxford Asset Management LLP acquired a new position in shares of Flowers Foods during the 4th quarter worth approximately $347,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Flowers Foods during the fourth quarter worth approximately $389,000. Institutional investors and hedge funds own 75.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a report on Monday, February 10th. DA Davidson reduced 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 report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.00.

Flowers Foods Price Performance

FLO stock traded down $0.01 during trading on Wednesday, reaching $17.40. 1,937,810 shares of the company were exchanged, compared to its average volume of 1,546,521. The company has a 50-day moving average of $18.36 and a two-hundred day moving average of $19.90. Flowers Foods, Inc. has a twelve month low of $17.17 and a twelve month high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 8.72 and a beta of 0.37.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly 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 return on equity of 19.48% and a net margin of 4.86%. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, equities analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Friday, February 28th. Flowers Foods's dividend payout ratio is currently 82.05%.

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.