Flowers Foods, Inc. (NYSE:FLO) Holdings Increased by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 193.1% during the third quarter, Holdings Channel reports. The institutional investor owned 77,160 shares of the company’s stock after acquiring an additional 50,835 shares during the period. Quantbot Technologies LP’s holdings in Flowers Foods were worth $1,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMG National Trust Bank bought a new stake in shares of Flowers Foods during the 2nd quarter worth about $711,000. Assenagon Asset Management S.A. raised its holdings in shares of Flowers Foods by 267.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 204,371 shares of the company’s stock worth $4,537,000 after purchasing an additional 148,753 shares in the last quarter. Thomasville National Bank raised its holdings in shares of Flowers Foods by 30.2% in the 3rd quarter. Thomasville National Bank now owns 429,014 shares of the company’s stock worth $9,897,000 after purchasing an additional 99,599 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Flowers Foods by 1.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,147,242 shares of the company’s stock worth $25,469,000 after purchasing an additional 18,852 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Flowers Foods by 99.2% in the 2nd quarter. American Century Companies Inc. now owns 181,926 shares of the company’s stock worth $4,039,000 after purchasing an additional 90,587 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Price Performance

NYSE FLO opened at $22.62 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $4.76 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 4.33 and a beta of 0.36. The company has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $22.71. Flowers Foods, Inc. has a 12-month low of $20.50 and a 12-month high of $26.12.

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

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, November 29th. Flowers Foods’s payout ratio is 84.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report 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.