Fox Run Management L.L.C. Acquires New Position in Flowers Foods, Inc. (NYSE:FLO)

Fox Run Management L.L.C. bought a new position in Flowers Foods, Inc. (NYSE:FLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,380 shares of the company’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLO. Geode Capital Management LLC boosted its holdings in shares of Flowers Foods by 6.6% during the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock worth $95,971,000 after purchasing an additional 259,216 shares during the last quarter. SG Americas Securities LLC boosted its stake in Flowers Foods by 642.6% in the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company’s stock worth $2,348,000 after buying an additional 98,335 shares during the last quarter. Jane Street Group LLC grew its holdings in Flowers Foods by 85.0% in the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company’s stock valued at $1,681,000 after buying an additional 33,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flowers Foods during the 4th quarter valued at about $825,000. Finally, KBC Group NV boosted its position in shares of Flowers Foods by 2,156.0% in the fourth quarter. KBC Group NV now owns 136,354 shares of the company’s stock worth $2,817,000 after acquiring an additional 130,310 shares during the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FLO. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, Truist Financial reduced their target price on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a report 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 data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Flowers Foods Trading Up 2.5 %

Shares of FLO stock opened at $18.51 on Thursday. Flowers Foods, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $26.12. The firm’s 50 day moving average price is $19.00 and its two-hundred day moving average price is $20.92. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Flowers Foods (NYSE:FLO) last posted its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same quarter last year, the business posted $0.20 EPS. On average, analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.19%. The ex-dividend date was Friday, February 28th. Flowers Foods’s payout ratio is 82.05%.

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.