Kapitalo Investimentos Ltda Has $280,000 Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Kapitalo Investimentos Ltda decreased its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 46.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,157 shares of the company’s stock after selling 10,546 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Flowers Foods were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLO. Mirae Asset Global Investments Co. Ltd. acquired a new position in Flowers Foods during the first quarter worth $2,224,000. Capstone Investment Advisors LLC acquired a new position in shares of Flowers Foods during the 1st quarter worth about $2,422,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Flowers Foods by 10.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 247,530 shares of the company’s stock valued at $5,879,000 after purchasing an additional 24,192 shares during the period. AMG National Trust Bank acquired a new stake in Flowers Foods in the 2nd quarter valued at about $711,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Flowers Foods during the first quarter worth about $4,644,000. Institutional investors own 75.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FLO shares. BNP Paribas initiated coverage on Flowers Foods in a research note on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 price objective on the stock. StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Flowers Foods currently has an average rating of “Hold” and a consensus price target of $22.75.

Flowers Foods Trading Up 1.5 %

Shares of FLO stock opened at $23.07 on Wednesday. Flowers Foods, Inc. has a 12-month low of $19.64 and a 12-month high of $26.12. The company has a market capitalization of $4.87 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 4.32 and a beta of 0.36. The firm has a 50 day moving average price of $22.98 and a two-hundred day moving average price of $23.13. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, August 16th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the company posted $0.33 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts predict that Flowers Foods, Inc. will post 1.26 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, September 6th. Flowers Foods’s dividend payout ratio is currently 162.71%.

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.