Flowers Foods, Inc. (NYSE:FLO) Shares Bought by Walled Lake Planning & Wealth Management LLC

Walled Lake Planning & Wealth Management LLC increased its holdings in Flowers Foods, Inc. (NYSE:FLO) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,592 shares of the company’s stock after acquiring an additional 3,637 shares during the quarter. Flowers Foods makes up 1.2% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 24th biggest position. Walled Lake Planning & Wealth Management LLC owned 0.08% of Flowers Foods worth $3,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Flowers Foods in the 4th quarter worth about $42,591,000. Raymond James Financial Inc. acquired a new stake in Flowers Foods during the fourth quarter valued at approximately $12,058,000. Vanguard Group Inc. lifted its holdings in Flowers Foods by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,737,981 shares of the company’s stock worth $469,767,000 after buying an additional 518,745 shares during the last quarter. Ipsen Advisor Group LLC acquired a new position in shares of Flowers Foods in the 4th quarter worth approximately $9,261,000. Finally, Geode Capital Management LLC increased its holdings in shares of Flowers Foods by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after acquiring an additional 259,216 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Wall Street Analysts Forecast Growth

FLO has been the topic of several research analyst reports. 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. Truist Financial reduced their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.00.

Flowers Foods Stock Up 0.1 %

Flowers Foods stock opened at $18.87 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a one year low of $17.95 and a one year high of $26.12. The company has a 50-day simple moving average of $18.98 and a 200-day simple moving average of $20.86. The firm has a market capitalization of $3.98 billion, a P/E ratio of 16.12, a P/E/G ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm earned $0.20 earnings per share. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.09%. 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.