JPMorgan Chase & Co. Has $16.56 Million Holdings in Flowers Foods, Inc. (NYSE:FLO)

JPMorgan Chase & Co. boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 801,335 shares of the company's stock after buying an additional 118,583 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Flowers Foods worth $16,556,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position 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 valued at $56,000 after purchasing an additional 694 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Flowers Foods by 3.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company's stock valued at $665,000 after purchasing an additional 1,066 shares during the last quarter. LPL Financial LLC boosted 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 buying an additional 1,148 shares in the last quarter. Xponance Inc. grew its position in Flowers Foods by 6.0% in the fourth quarter. Xponance Inc. now owns 22,023 shares of the company's stock worth $455,000 after buying an additional 1,249 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings 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 buying an additional 1,261 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Stock Up 0.9 %

Shares of FLO traded up $0.16 during mid-day trading on Thursday, reaching $18.13. The company's stock had a trading volume of 153,918 shares, compared to its average volume of 1,513,313. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 8.72 and a beta of 0.40. The business has a fifty day moving average of $18.64 and a 200 day moving average of $20.39. 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, Inc. has a 1 year low of $17.33 and a 1 year high of $26.12.

Flowers Foods (NYSE:FLO - Get Free Report) last announced 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 period in the prior year, the company posted $0.20 earnings per share. As a group, analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 5.30%. Flowers Foods's dividend payout ratio is presently 82.05%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FLO shares. Truist Financial reduced their price objective 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. StockNews.com lowered Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Finally, DA Davidson cut 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Flowers Foods presently has an average rating of "Hold" and an average target price of $21.00.

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.