Freestone Grove Partners LP Takes $645,000 Position in Flowers Foods, Inc. (NYSE:FLO)

Freestone Grove Partners LP purchased a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,219 shares of the company's stock, valued at approximately $645,000.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in Flowers Foods during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group grew its position in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock valued at $54,000 after purchasing an additional 1,658 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after acquiring an additional 694 shares during the period. GeoWealth Management LLC purchased a new position in Flowers Foods during the fourth quarter worth about $60,000. Finally, Quent Capital LLC lifted its holdings in Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company's stock valued at $63,000 after acquiring an additional 1,556 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Trading Down 0.1 %

Shares of FLO stock traded down $0.02 during trading hours on Tuesday, hitting $17.42. 1,950,325 shares of the company were exchanged, compared to its average volume of 1,544,260. Flowers Foods, Inc. has a 1 year low of $17.18 and a 1 year high of $26.12. The firm has a fifty day moving average of $18.39 and a 200 day moving average of $19.92. The firm has a market cap of $3.68 billion, a PE ratio of 14.89, a PEG 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 issued its earnings results on Friday, February 7th. The company reported $0.22 earnings per share 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 period in the prior year, the business earned $0.20 earnings per share. Analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.51%. Flowers Foods's dividend payout ratio is presently 82.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DA Davidson decreased their target price on 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 decreased their target price on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.00.

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.