Exchange Traded Concepts LLC trimmed its holdings in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,641 shares of the company’s stock after selling 750 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Flowers Foods were worth $563,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in FLO. Fortis Capital Advisors LLC acquired a new position in shares of Flowers Foods during the fourth quarter valued at $30,000. Altshuler Shaham Ltd bought a new stake in shares of Flowers Foods during the 1st quarter worth about $41,000. EverSource Wealth Advisors LLC lifted its stake in shares of Flowers Foods by 313.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,098 shares of the company’s stock worth $58,000 after acquiring an additional 1,591 shares during the period. CWM LLC boosted its holdings in shares of Flowers Foods by 18.8% in the first quarter. CWM LLC now owns 2,314 shares of the company’s stock valued at $63,000 after acquiring an additional 367 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Flowers Foods by 14.9% in the first quarter. Janiczek Wealth Management LLC now owns 3,347 shares of the company’s stock valued at $90,000 after acquiring an additional 434 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.
Flowers Foods Trading Down 0.7 %
Shares of NYSE:FLO opened at $21.46 on Friday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 8.04 and a beta of 0.43. Flowers Foods, Inc. has a 1-year low of $20.98 and a 1-year high of $30.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.35. The company has a 50 day moving average price of $23.56 and a 200 day moving average price of $25.25.
Flowers Foods Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, August 31st. Flowers Foods’s dividend payout ratio is 87.62%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on FLO shares. Stephens reiterated an “equal weight” rating and issued a $25.00 price objective on shares of Flowers Foods in a report on Friday, August 11th. StockNews.com initiated coverage on Flowers Foods in a research note on Thursday. They set a “buy” rating for the company.
Read Our Latest Analysis on Flowers Foods
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 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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