Arcadia Investment Management Corp MI Lowers Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Arcadia Investment Management Corp MI lowered its holdings in Flowers Foods, Inc. (NYSE:FLO) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,960 shares of the company’s stock after selling 10,680 shares during the period. Arcadia Investment Management Corp MI’s holdings in Flowers Foods were worth $702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLO. Blue Trust Inc. boosted its holdings in Flowers Foods by 18,254.5% in the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock valued at $45,000 after acquiring an additional 2,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Flowers Foods in the third quarter valued at $200,000. DekaBank Deutsche Girozentrale boosted its holdings in Flowers Foods by 42.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 81,209 shares of the company’s stock valued at $1,885,000 after acquiring an additional 24,137 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Flowers Foods by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 31,177 shares of the company’s stock valued at $719,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Flowers Foods by 18.3% in the third quarter. Nisa Investment Advisors LLC now owns 49,376 shares of the company’s stock valued at $1,139,000 after acquiring an additional 7,655 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Trading Up 0.9 %

Shares of FLO opened at $19.05 on Friday. The stock’s 50-day moving average is $19.75 and its two-hundred day moving average is $21.63. The stock has a market cap of $4.02 billion, a PE ratio of 16.28, a P/E/G ratio of 8.63 and a beta of 0.38. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same quarter in the previous year, the firm earned $0.20 EPS. Equities analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.05%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FLO shares. StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Truist Financial reduced their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. Finally, DA Davidson reduced their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Flowers Foods currently has an average 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.