Flowers Foods, Inc. (NYSE:FLO) Position Raised by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,500,620 shares of the company's stock after acquiring an additional 48,527 shares during the quarter. ProShare Advisors LLC owned about 0.71% of Flowers Foods worth $31,003,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FLO. Blue Trust Inc. grew its stake in shares of Flowers Foods by 34.4% in the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after acquiring an additional 694 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Flowers Foods by 3.4% in the 4th 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 period. Mariner LLC lifted its stake in Flowers Foods by 1.0% during the 4th quarter. Mariner LLC now owns 112,027 shares of the company's stock valued at $2,314,000 after acquiring an additional 1,089 shares in the last quarter. Cetera Investment Advisers raised its stake in Flowers Foods by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 13,433 shares of the company's stock valued at $278,000 after acquiring an additional 1,101 shares during the period. Finally, LPL Financial LLC grew its holdings in Flowers Foods by 3.3% during the 4th quarter. LPL Financial LLC now owns 36,133 shares of the company's stock valued at $747,000 after buying an additional 1,148 shares in the last quarter. Institutional investors own 75.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FLO shares. Jefferies Financial Group dropped their target price on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research report on Friday. DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Truist Financial dropped their target price on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, Flowers Foods presently has a consensus rating of "Hold" and a consensus price target of $19.25.

Flowers Foods Stock Performance

Shares of FLO stock traded down $0.01 during trading hours on Tuesday, reaching $17.13. 3,051,872 shares of the company's stock were exchanged, compared to its average volume of 1,602,300. The company has a market cap of $3.62 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The company's 50 day moving average is $18.05 and its two-hundred day moving average is $19.55. Flowers Foods, Inc. has a 1 year low of $16.43 and a 1 year high of $24.40.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the prior year, the firm earned $0.38 EPS. Flowers Foods's revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

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.