MADDEN SECURITIES Corp acquired a new stake in Flowers Foods, Inc. (NYSE:FLO – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,560 shares of the company’s stock, valued at approximately $74,000.
Several other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. bought a new position in Flowers Foods in the 4th quarter valued at $1,674,000. Thomasville National Bank raised its position in shares of Flowers Foods by 2.7% during the fourth quarter. Thomasville National Bank now owns 410,114 shares of the company’s stock worth $11,787,000 after acquiring an additional 10,676 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Flowers Foods by 27.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 6,374 shares of the company’s stock worth $183,000 after acquiring an additional 1,371 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Flowers Foods by 5.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,567,666 shares of the company’s stock worth $38,707,000 after acquiring an additional 81,010 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Flowers Foods during the third quarter worth $788,000. Institutional investors own 66.81% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on FLO shares. StockNews.com started coverage on Flowers Foods in a research report on Thursday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Flowers Foods from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a research report on Friday, March 3rd.
Flowers Foods Trading Down 2.9 %
Flowers Foods (NYSE:FLO – Get Rating) last released its quarterly earnings data on Friday, February 10th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Flowers Foods had a return on equity of 18.77% and a net margin of 4.75%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Research analysts forecast that Flowers Foods, Inc. will post 1.25 EPS for the current year.
Flowers Foods Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 3.30%. Flowers Foods’s dividend payout ratio is presently 82.24%.
About Flowers Foods
Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.
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