Flowers Foods, Inc. (NYSE:FLO) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its position in Flowers Foods, Inc. (NYSE:FLO) by 23.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,882 shares of the company’s stock after purchasing an additional 1,502 shares during the period. Larson Financial Group LLC’s holdings in Flowers Foods were worth $182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keynote Financial Services LLC bought a new stake in shares of Flowers Foods in the 1st quarter valued at approximately $224,000. GAMMA Investing LLC lifted its position in shares of Flowers Foods by 128.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,305 shares of the company’s stock worth $118,000 after buying an additional 2,980 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Flowers Foods by 7,694.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $66,000 after buying an additional 2,924 shares during the period. CWM LLC grew its position in shares of Flowers Foods by 1,006.9% during the 2nd quarter. CWM LLC now owns 11,567 shares of the company’s stock valued at $257,000 after buying an additional 10,522 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Flowers Foods during the second quarter worth about $1,619,000. 75.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th.

Flowers Foods Stock Down 0.4 %

FLO stock opened at $22.73 on Thursday. The stock has a market cap of $4.79 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.33 and a beta of 0.36. The firm’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $22.73. Flowers Foods, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, November 29th. Flowers Foods’s dividend payout ratio is currently 84.21%.

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.