Tudor Investment Corp ET AL Raises Position in Flowers Foods, Inc. (NYSE:FLO)

Tudor Investment Corp ET AL raised its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 25.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 439,886 shares of the company's stock after acquiring an additional 89,574 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.21% of Flowers Foods worth $9,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLO. Vanguard Group Inc. increased its stake in shares of Flowers Foods by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,737,981 shares of the company's stock worth $469,767,000 after purchasing an additional 518,745 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Flowers Foods by 28.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,381,444 shares of the company's stock valued at $90,521,000 after purchasing an additional 965,097 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Flowers Foods by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,299,631 shares of the company's stock valued at $88,829,000 after purchasing an additional 428,963 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Flowers Foods by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,219,943 shares of the company's stock valued at $87,205,000 after purchasing an additional 60,867 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in shares of Flowers Foods during the 4th quarter worth about $58,476,000. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Trading Up 1.7 %

Shares of FLO traded up $0.30 during mid-day trading on Friday, hitting $17.55. The company had a trading volume of 1,742,498 shares, compared to its average volume of 1,542,432. Flowers Foods, Inc. has a 1-year low of $17.21 and a 1-year high of $26.12. The business's 50-day simple moving average is $18.42 and its 200-day simple moving average is $19.98. The stock has a market cap of $3.71 billion, a PE ratio of 15.00, a P/E/G ratio of 8.72 and a beta of 0.40. 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 (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, 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 quarter in the previous year, the firm posted $0.20 earnings per share. Sell-side analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued 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 5.47%. Flowers Foods's payout ratio is 82.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FLO shares. DA Davidson reduced their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Truist Financial reduced their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Flowers Foods currently has a consensus rating of "Hold" and a consensus 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.