Citigroup Inc. lowered its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 89.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,857 shares of the company's stock after selling 73,872 shares during the period. Citigroup Inc.'s holdings in Flowers Foods were worth $196,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Fortis Capital Advisors LLC acquired a new position in Flowers Foods in the 4th quarter valued at $30,000. HM Payson & Co. acquired a new stake in Flowers Foods in the 3rd quarter worth about $30,000. NBC Securities Inc. bought a new stake in Flowers Foods in the 3rd quarter valued at about $32,000. Gladius Capital Management LP grew its position in shares of Flowers Foods by 46.4% during the 3rd quarter. Gladius Capital Management LP now owns 1,539 shares of the company's stock worth $35,000 after purchasing an additional 488 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its holdings in shares of Flowers Foods by 1,475.9% during the first quarter. First Manhattan CO. LLC. now owns 4,050 shares of the company's stock worth $111,000 after purchasing an additional 3,793 shares during the period. 75.45% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, insider Terry S. Thomas sold 36,577 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $23.11, for a total transaction of $845,294.47. Following the completion of the transaction, the insider now owns 42,740 shares of the company's stock, valued at $987,721.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.49% of the stock is owned by corporate insiders.
Flowers Foods Price Performance
Shares of FLO traded up $0.03 during midday trading on Friday, hitting $23.75. The company's stock had a trading volume of 1,139,828 shares, compared to its average volume of 1,213,304. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 4.48 and a beta of 0.39. Flowers Foods, Inc. has a one year low of $19.64 and a one year high of $29.10. The company's fifty day simple moving average is $22.86 and its two-hundred day simple moving average is $22.26.
Flowers Foods (NYSE:FLO - Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $0.20 earnings per share for the quarter, meeting analysts' consensus estimates of $0.20. Flowers Foods had a net margin of 2.42% and a return on equity of 18.15%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.23 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.
Flowers Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.23 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.87%. Flowers Foods's dividend payout ratio (DPR) is presently 158.62%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on FLO shares. DA Davidson began coverage on Flowers Foods in a research report on Friday, March 1st. They set a "neutral" rating and a $24.00 price target on the stock. StockNews.com upgraded Flowers Foods from a "hold" rating to a "buy" rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $24.00.
Check Out Our Latest Research Report on FLO
About Flowers Foods
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Free Report)
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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