Elo Mutual Pension Insurance Co Makes New $390,000 Investment in Flowers Foods, Inc. (NYSE:FLO)

Elo Mutual Pension Insurance Co acquired a new position in Flowers Foods, Inc. (NYSE:FLO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,872 shares of the company’s stock, valued at approximately $390,000.

A number of other institutional investors also recently made changes to their positions in the business. Tyler Stone Wealth Management lifted its stake in Flowers Foods by 17.7% in the fourth quarter. Tyler Stone Wealth Management now owns 37,300 shares of the company’s stock worth $771,000 after purchasing an additional 5,600 shares during the last quarter. Ipsen Advisor Group LLC purchased a new position in shares of Flowers Foods in the fourth quarter worth about $9,261,000. Vanguard Group Inc. increased its holdings in shares of Flowers Foods by 2.3% in the fourth 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 period. LPL Financial LLC boosted its holdings in Flowers Foods by 3.3% during the 4th quarter. LPL Financial LLC now owns 36,133 shares of the company’s stock valued at $747,000 after acquiring an additional 1,148 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Flowers Foods during the 4th quarter valued at about $359,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Trading Up 0.1 %

NYSE FLO opened at $18.87 on Monday. The stock has a market cap of $3.98 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a fifty-two week low of $17.95 and a fifty-two week high of $26.12. The stock has a 50 day simple moving average of $18.98 and a two-hundred day simple moving average of $20.84. 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 (NYSE:FLO) last announced its quarterly earnings results 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 period last year, the business earned $0.20 earnings per share. On average, analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.09%. The ex-dividend date was Friday, February 28th. Flowers Foods’s dividend payout ratio is currently 82.05%.

Analysts Set New Price Targets

Several analysts have weighed in on FLO shares. Truist Financial lowered their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, February 10th. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Finally, DA Davidson dropped their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Flowers Foods presently has an average rating of “Hold” and a consensus target price of $21.00.

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.