Wellington Management Group LLP Invests $1.07 Million in Flowers Foods, Inc. (NYSE:FLO)

Wellington Management Group LLP acquired a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,651 shares of the company's stock, valued at approximately $1,067,000.

Several other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock worth $54,000 after acquiring an additional 1,658 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 during the last quarter. Quent Capital LLC increased its stake in shares of Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company's stock valued at $63,000 after purchasing an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Flowers Foods by 67.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company's stock worth $68,000 after buying an additional 1,323 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Flowers Foods during the 4th quarter worth $245,000. 75.45% of the stock is owned by institutional investors.

Flowers Foods Trading Up 1.5 %

Shares of NYSE:FLO traded up $0.28 during midday trading on Friday, hitting $18.25. 1,185,515 shares of the stock were exchanged, compared to its average volume of 1,518,817. The business's 50-day moving average price is $18.62 and its 200 day moving average price is $20.33. Flowers Foods, Inc. has a 12 month low of $17.33 and a 12 month high of $26.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 8.72 and a beta of 0.40.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the business posted $0.20 EPS. Analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.26%. Flowers Foods's dividend payout ratio (DPR) is presently 82.05%.

Analysts Set New Price Targets

Several research analysts have commented on FLO shares. Truist Financial lowered 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. StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Finally, DA Davidson cut their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" 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 assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently 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.