Flowers Foods, Inc. (NYSE:FLO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 260,638 shares of the company’s stock after selling 1,414 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Flowers Foods worth $7,144,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FLO. Arizona State Retirement System raised its stake in Flowers Foods by 2.3% during the first quarter. Arizona State Retirement System now owns 58,118 shares of the company’s stock valued at $1,593,000 after buying an additional 1,333 shares in the last quarter. Oak Thistle LLC acquired a new stake in Flowers Foods during the first quarter valued at approximately $224,000. Strs Ohio raised its stake in Flowers Foods by 2.7% during the first quarter. Strs Ohio now owns 73,945 shares of the company’s stock valued at $2,026,000 after buying an additional 1,914 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Flowers Foods by 27.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 50,985 shares of the company’s stock valued at $1,397,000 after buying an additional 10,900 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in Flowers Foods by 15.4% during the first quarter. First Trust Direct Indexing L.P. now owns 19,437 shares of the company’s stock valued at $533,000 after buying an additional 2,593 shares in the last quarter. Institutional investors and hedge funds own 81.27% of the company’s stock.

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Flowers Foods Stock Up 0.9 %

NYSE:FLO opened at $24.69 on Friday. The firm has a market capitalization of $5.23 billion, a PE ratio of 24.69 and a beta of 0.40. The stock has a 50 day moving average of $25.25 and a 200-day moving average of $26.79. Flowers Foods, Inc. has a 52 week low of $23.87 and a 52 week high of $30.16. The company has a current ratio of 1.32, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Flowers Foods (NYSE:FLO – Get Free Report) last issued its quarterly earnings data on Friday, May 19th. The company reported $0.38 earnings per share (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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that Flowers Foods, Inc. will post 1.2 EPS for the current year.

Flowers Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 8th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.73%. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 7th. Flowers Foods’s dividend payout ratio is 92.00%.

Analyst Ratings Changes

Several brokerages have issued reports on FLO. Deutsche Bank Aktiengesellschaft cut their price objective on Flowers Foods from $26.00 to $24.00 in a research note on Monday, May 22nd. StockNews.com lowered Flowers Foods from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th.

Insider Buying and Selling

In related news, insider H Mark Courtney sold 14,272 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $24.39, for a total value of $348,094.08. Following the completion of the transaction, the insider now directly owns 41,488 shares of the company’s stock, valued at approximately $1,011,892.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.49% of the company’s stock.

Flowers Foods Company Profile

(Free Report)

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.

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