Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Posted by on May 26th, 2023

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,776 shares of the company’s stock after purchasing an additional 15,539 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Flowers Foods were worth $2,724,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FLO. Gibson Wealth Advisors LLC increased its holdings in shares of Flowers Foods by 6,186.6% during the fourth quarter. Gibson Wealth Advisors LLC now owns 1,406,940 shares of the company’s stock valued at $39,526,000 after purchasing an additional 1,384,560 shares during the period. Citigroup Inc. boosted its stake in Flowers Foods by 140.9% during the fourth quarter. Citigroup Inc. now owns 846,624 shares of the company’s stock valued at $24,332,000 after buying an additional 495,240 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Flowers Foods by 8.1% during the first quarter. Renaissance Technologies LLC now owns 5,999,785 shares of the company’s stock valued at $154,254,000 after buying an additional 450,441 shares in the last quarter. Vanguard Group Inc. boosted its stake in Flowers Foods by 2.2% during the third quarter. Vanguard Group Inc. now owns 19,913,247 shares of the company’s stock valued at $491,657,000 after buying an additional 426,547 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Flowers Foods by 32.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,538,907 shares of the company’s stock valued at $40,504,000 after buying an additional 375,528 shares in the last quarter. 66.81% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Trading Up 0.4 %

Shares of NYSE FLO opened at $26.11 on Friday. Flowers Foods, Inc. has a one year low of $24.15 and a one year high of $30.16. The firm has a market capitalization of $5.53 billion, a PE ratio of 26.11 and a beta of 0.40. The company has a current ratio of 1.32, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $27.98.

Flowers Foods (NYSE:FLO – Get Rating) last announced its quarterly earnings data on Friday, May 19th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Flowers Foods had a return on equity of 17.95% and a net margin of 4.35%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Flowers Foods, Inc. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com assumed coverage on Flowers Foods in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on Flowers Foods from $26.00 to $24.00 in a research report on Monday.

Flowers Foods Company Profile

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Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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