Voya Investment Management LLC Has $647,000 Position in Flowers Foods, Inc. (NYSE:FLO)

Voya Investment Management LLC decreased its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,328 shares of the company's stock after selling 44,002 shares during the quarter. Voya Investment Management LLC's holdings in Flowers Foods were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLO. Canada Pension Plan Investment Board purchased a new stake in shares of Flowers Foods during the 4th quarter worth $29,000. Brooklyn Investment Group grew its holdings in Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock valued at $54,000 after purchasing an additional 1,658 shares during the last quarter. Blue Trust Inc. lifted its holdings in Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after purchasing an additional 694 shares in the last quarter. GeoWealth Management LLC purchased a new stake in Flowers Foods in the fourth quarter valued at approximately $60,000. Finally, Quent Capital LLC raised its holdings in Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company's stock valued at $63,000 after buying an additional 1,556 shares during the period. Institutional investors and hedge funds own 75.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FLO shares. DA Davidson reduced their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Truist Financial decreased their target price on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, February 10th.

Flowers Foods Trading Down 1.5%

Shares of FLO stock traded down $0.26 on Tuesday, reaching $17.34. 4,410,942 shares of the stock were exchanged, compared to its average volume of 1,570,081. The stock has a market cap of $3.66 billion, a PE ratio of 14.82, a P/E/G 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. Flowers Foods, Inc. has a one year low of $17.17 and a one year high of $26.12. The stock has a 50 day moving average price of $18.26 and a 200 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 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 period in the previous year, the company posted $0.20 EPS. Equities research analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Friday, February 28th. Flowers Foods's payout ratio is 82.05%.

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.