Measured Risk Portfolios Inc. Takes Position in Flowers Foods, Inc. (NYSE:FLO)

Measured Risk Portfolios Inc. acquired a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 77,324 shares of the company's stock, valued at approximately $1,598,000. Flowers Foods makes up approximately 1.7% of Measured Risk Portfolios Inc.'s holdings, making the stock its 29th biggest position.

A number of other hedge funds also recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new stake in shares of Flowers Foods during the 4th quarter worth about $29,000. Brooklyn Investment Group increased its position in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock worth $54,000 after purchasing an additional 1,658 shares in the last quarter. Blue Trust Inc. increased 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 worth $56,000 after purchasing an additional 694 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Flowers Foods during the 4th quarter worth about $60,000. Finally, Quent Capital LLC increased its position in shares of Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after purchasing an additional 1,556 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Trading Up 2.2%

FLO opened at $17.59 on Tuesday. 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 capitalization of $3.71 billion, a PE ratio of 15.03, a PEG ratio of 8.72 and a beta of 0.37. Flowers Foods, Inc. has a 1-year low of $17.17 and a 1-year high of $26.12. The firm has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $19.74.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, equities analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods's payout ratio is presently 82.05%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson dropped their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Truist Financial dropped their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" 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.

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