Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC raised its stake in Flowers Foods, Inc. (NYSE:FLO) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,043 shares of the company’s stock after acquiring an additional 3,951 shares during the quarter. Pathstone Holdings LLC’s holdings in Flowers Foods were worth $2,008,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quest Partners LLC lifted its holdings in Flowers Foods by 329,400.0% in the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after purchasing an additional 3,294 shares in the last quarter. AMG National Trust Bank raised its position in shares of Flowers Foods by 113.2% in the third quarter. AMG National Trust Bank now owns 68,292 shares of the company’s stock valued at $1,575,000 after buying an additional 36,264 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Flowers Foods by 28.7% during the third quarter. Natixis Advisors LLC now owns 17,284 shares of the company’s stock valued at $399,000 after buying an additional 3,857 shares during the period. Empowered Funds LLC boosted its position in Flowers Foods by 7.7% during the third quarter. Empowered Funds LLC now owns 71,278 shares of the company’s stock worth $1,644,000 after acquiring an additional 5,085 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Flowers Foods in the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Price Performance

FLO opened at $22.83 on Wednesday. Flowers Foods, Inc. has a 1 year low of $20.50 and a 1 year high of $26.12. The company’s 50 day simple moving average is $22.52 and its 200 day simple moving average is $22.75. The stock has a market capitalization of $4.81 billion, a PE ratio of 19.96, a P/E/G ratio of 4.27 and a beta of 0.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. Flowers Foods’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. As a group, sell-side analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 4.21%. Flowers Foods’s dividend payout ratio is presently 84.21%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

Flowers Foods 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.