Great West Life Assurance Co. Can Purchases 2,920 Shares of Flowers Foods, Inc. (FLO)
Great West Life Assurance Co. Can raised its position in Flowers Foods, Inc. (NYSE:FLO) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 113,790 shares of the company’s stock after buying an additional 2,920 shares during the quarter. Great West Life Assurance Co. Can owned about 0.05% of Flowers Foods worth $2,131,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in FLO. Cadence Capital Management LLC grew its stake in shares of Flowers Foods by 25.1% during the 2nd quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock worth $599,000 after purchasing an additional 6,935 shares during the period. Systematic Financial Management LP acquired a new position in shares of Flowers Foods during the 2nd quarter worth $1,555,000. Mutual of America Capital Management LLC grew its stake in shares of Flowers Foods by 2.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 152,873 shares of the company’s stock worth $2,876,000 after purchasing an additional 3,633 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Flowers Foods by 23.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 114,543 shares of the company’s stock worth $1,983,000 after purchasing an additional 21,572 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Flowers Foods by 12.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 266,192 shares of the company’s stock worth $4,608,000 after purchasing an additional 29,320 shares during the period. 66.44% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on FLO. BMO Capital Markets upped their price target on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price target on shares of Flowers Foods in a research note on Friday, November 10th. TheStreet cut shares of Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. Finally, BidaskClub raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods currently has an average rating of “Buy” and a consensus price target of $21.17.
Shares of Flowers Foods, Inc. (NYSE:FLO) opened at $19.61 on Friday. The company has a market cap of $4,110.45, a PE ratio of 22.28, a P/E/G ratio of 3.71 and a beta of 1.04. Flowers Foods, Inc. has a 12 month low of $16.80 and a 12 month high of $21.00. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. equities analysts anticipate that Flowers Foods, Inc. will post 0.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.47%. Flowers Foods’s payout ratio is 170.00%.
In other Flowers Foods news, CFO R Steve Kinsey sold 116,067 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total value of $2,250,539.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tonja W. Taylor sold 4,960 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $19.57, for a total transaction of $97,067.20. Following the completion of the transaction, the insider now owns 22,055 shares in the company, valued at $431,616.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 509,689 shares of company stock worth $9,743,948. 15.81% of the stock is owned by corporate insiders.
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Flowers Foods Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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