Susquehanna Fundamental Investments LLC Takes Position in Flowers Foods, Inc. (NYSE:FLO)

Susquehanna Fundamental Investments LLC bought a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,240 shares of the company's stock, valued at approximately $997,000.

A number of other institutional investors have also recently made changes to their positions in FLO. Virtu Financial LLC purchased a new stake in Flowers Foods during the fourth quarter valued at about $276,000. SG Americas Securities LLC boosted its holdings in Flowers Foods by 642.6% in the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock worth $2,348,000 after buying an additional 98,335 shares during the period. Ipsen Advisor Group LLC purchased a new position in Flowers Foods in the 4th quarter valued at approximately $9,261,000. Teacher Retirement System of Texas lifted its position in shares of Flowers Foods by 98.8% during the fourth quarter. Teacher Retirement System of Texas now owns 174,056 shares of the company's stock worth $3,596,000 after acquiring an additional 86,510 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Flowers Foods in the fourth quarter worth about $825,000. Hedge funds and other institutional investors own 75.45% of the company's stock.

Flowers Foods Stock Performance

Flowers Foods stock traded down $0.18 during midday trading on Wednesday, hitting $17.23. The stock had a trading volume of 164,287 shares, compared to its average volume of 1,538,882. The firm's fifty day moving average is $18.36 and its two-hundred day moving average is $19.90. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a 52-week low of $17.17 and a 52-week high of $26.12. The company has a market capitalization of $3.64 billion, a PE ratio of 14.72, a P/E/G ratio of 8.72 and a beta of 0.37.

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 (EPS) for the quarter, beating 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 last year, the business posted $0.20 earnings per share. On average, research analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.57%. The ex-dividend date was Friday, February 28th. Flowers Foods's dividend payout ratio is currently 82.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. DA Davidson dropped their price target on 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 reduced their price target on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $21.00.

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.