FORA Capital LLC Takes Position in Flowers Foods, Inc. (NYSE:FLO)

FORA Capital LLC purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,078 shares of the company's stock, valued at approximately $415,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after purchasing an additional 694 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Flowers Foods by 3.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company's stock worth $665,000 after acquiring an additional 1,066 shares during the period. Mariner LLC boosted its holdings in shares of Flowers Foods by 1.0% in the fourth quarter. Mariner LLC now owns 112,027 shares of the company's stock valued at $2,314,000 after acquiring an additional 1,089 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Flowers Foods by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 13,433 shares of the company's stock worth $278,000 after acquiring an additional 1,101 shares during the period. Finally, LPL Financial LLC raised its holdings in Flowers Foods by 3.3% during the fourth quarter. LPL Financial LLC now owns 36,133 shares of the company's stock worth $747,000 after purchasing an additional 1,148 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Trading Down 2.0 %

Shares of Flowers Foods stock opened at $17.23 on Friday. The company has a 50-day moving average of $18.28 and a two-hundred day moving average of $19.81. Flowers Foods, Inc. has a 12-month low of $17.17 and a 12-month 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 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.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the firm earned $0.20 earnings per share. On average, research analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal 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 was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.57%. Flowers Foods's payout ratio is 82.05%.

Analyst Ratings Changes

Several equities analysts have issued reports on FLO shares. Truist Financial dropped their target price on 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 cut their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, February 10th.

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.

Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowers Foods, Inc. (NYSE:FLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.