Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Versor Investments LP

Versor Investments LP reduced its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 15.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,700 shares of the company’s stock after selling 2,700 shares during the quarter. Versor Investments LP’s holdings in Flowers Foods were worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Flowers Foods by 2.0% during the second quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock worth $528,000 after buying an additional 466 shares in the last quarter. Taylor Frigon Capital Management LLC increased its position in Flowers Foods by 1.0% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock worth $1,172,000 after purchasing an additional 500 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Flowers Foods by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock valued at $482,000 after purchasing an additional 603 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in Flowers Foods by 1.4% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock valued at $1,003,000 after purchasing an additional 625 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Flowers Foods by 5.6% during the 2nd quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock worth $354,000 after purchasing an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $21.57 on Friday. The business has a fifty day simple moving average of $22.68 and a 200-day simple moving average of $22.92. Flowers Foods, Inc. has a 52 week low of $20.50 and a 52 week high of $26.12. The company has a market cap of $4.54 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.12 and a beta of 0.36. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.75.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $0.29 EPS. The firm’s revenue was down .7% on a year-over-year basis. Equities research analysts forecast that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.45%. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th.

About Flowers Foods

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.