Jane Street Group LLC Boosts Stake in Flowers Foods, Inc. (NYSE:FLO)

Jane Street Group LLC increased its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 193.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,532 shares of the company's stock after buying an additional 140,646 shares during the period. Jane Street Group LLC owned about 0.10% of Flowers Foods worth $4,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new stake in shares of Flowers Foods during the 4th quarter worth about $58,476,000. Norges Bank purchased a new position in shares of Flowers Foods during the fourth quarter valued at approximately $42,591,000. Fuller & Thaler Asset Management Inc. boosted its position in Flowers Foods by 28.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,381,444 shares of the company's stock worth $90,521,000 after acquiring an additional 965,097 shares during the last quarter. Invesco Ltd. grew its stake in Flowers Foods by 33.7% in the 4th quarter. Invesco Ltd. now owns 2,475,242 shares of the company's stock worth $51,138,000 after acquiring an additional 623,800 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Flowers Foods in the 4th quarter worth approximately $12,058,000. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Stock Down 2.5%

Flowers Foods stock traded down $0.43 during trading on Wednesday, reaching $16.91. 3,250,769 shares of the company's stock were exchanged, compared to its average volume of 1,577,613. The company's 50-day moving average is $18.23 and its two-hundred day moving average is $19.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a 52-week low of $16.81 and a 52-week high of $26.12. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 8.72 and a beta of 0.37.

Flowers Foods Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

Wall Street Analyst Weigh In

FLO has been the topic of several analyst reports. DA Davidson decreased their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Truist Financial dropped 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 note on Monday, February 10th.

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.