Inspire Investing LLC Has $402,000 Stake in Flowers Foods, Inc. (NYSE:FLO)

Inspire Investing LLC increased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,460 shares of the company’s stock after purchasing an additional 1,634 shares during the period. Inspire Investing LLC’s holdings in Flowers Foods were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Flowers Foods by 6.6% in the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after buying an additional 259,216 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Flowers Foods by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company’s stock worth $46,327,000 after purchasing an additional 58,141 shares during the period. AQR Capital Management LLC increased its holdings in Flowers Foods by 65.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,556 shares of the company’s stock worth $29,104,000 after purchasing an additional 520,661 shares in the last quarter. Truist Financial Corp raised its stake in shares of Flowers Foods by 3.0% in the 2nd quarter. Truist Financial Corp now owns 1,265,092 shares of the company’s stock valued at $28,085,000 after purchasing an additional 36,281 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Flowers Foods by 1.5% in the third quarter. Fisher Asset Management LLC now owns 854,029 shares of the company’s stock valued at $19,702,000 after purchasing an additional 12,481 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Stock Up 0.3 %

Shares of FLO stock opened at $19.96 on Friday. The firm’s fifty day moving average price is $20.94 and its two-hundred day moving average price is $22.04. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Flowers Foods, Inc. has a 1 year low of $18.90 and a 1 year high of $26.12. The firm has a market capitalization of $4.20 billion, a P/E ratio of 17.50, a PEG ratio of 3.82 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. Flowers Foods’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.81%. Flowers Foods’s dividend payout ratio is presently 84.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

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.