Jane Street Group LLC Buys 140,646 Shares of Flowers Foods, Inc. (NYSE:FLO)

Jane Street Group LLC grew its stake in Flowers Foods, Inc. (NYSE:FLO) by 193.0% in the fourth quarter, HoldingsChannel reports. The fund owned 213,532 shares of the company’s stock after acquiring an additional 140,646 shares during the period. Jane Street Group LLC’s holdings in Flowers Foods were worth $4,412,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in Flowers Foods in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group grew its holdings in Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after acquiring an additional 1,658 shares during the period. Blue Trust Inc. grew its holdings in Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after acquiring an additional 694 shares during the period. GeoWealth Management LLC acquired a new stake in Flowers Foods during the 4th quarter worth $60,000. Finally, Quent Capital LLC grew its holdings in Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after acquiring an additional 1,556 shares during the period. 75.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson lowered their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Truist Financial lowered their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, February 10th.

Flowers Foods Price Performance

Shares of FLO stock opened at $17.23 on Monday. Flowers Foods, Inc. has a 12-month low of $17.17 and a 12-month high of $26.12. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $18.28 and a 200-day moving average of $19.78.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) 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 period last year, the business posted $0.20 earnings per share. On average, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.05%.

Flowers Foods Company 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.