Edgestream Partners L.P. Sells 12,915 Shares of Flowers Foods, Inc. (NYSE:FLO)

Edgestream Partners L.P. cut its position in Flowers Foods, Inc. (NYSE:FLO) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,933 shares of the company’s stock after selling 12,915 shares during the quarter. Edgestream Partners L.P. owned about 0.14% of Flowers Foods worth $6,073,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its stake in Flowers Foods by 9.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 33,185 shares of the company’s stock valued at $686,000 after purchasing an additional 2,785 shares during the period. Raymond James Financial Inc. bought a new stake in Flowers Foods in the 4th quarter valued at $12,058,000. Proficio Capital Partners LLC bought a new stake in Flowers Foods in the 4th quarter valued at $330,000. Victory Capital Management Inc. boosted its stake in Flowers Foods by 11.5% in the 4th quarter. Victory Capital Management Inc. now owns 281,806 shares of the company’s stock valued at $5,822,000 after purchasing an additional 29,049 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Flowers Foods by 7.4% in the 4th quarter. Jones Financial Companies Lllp now owns 37,116 shares of the company’s stock valued at $767,000 after purchasing an additional 2,553 shares during the period. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Price Performance

Shares of FLO stock opened at $18.61 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a twelve month low of $17.99 and a twelve month high of $26.12. The company has a market cap of $3.92 billion, a P/E ratio of 15.91, a P/E/G ratio of 8.72 and a beta of 0.38. The business has a fifty day simple moving average of $19.40 and a 200 day simple moving average of $21.38.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, sell-side analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 5.16%. Flowers Foods’s dividend payout ratio is currently 82.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FLO. StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Truist Financial cut their target price on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, February 10th. Finally, DA Davidson cut their target price on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.00.

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.