US Bancorp DE decreased its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 6.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 65,073 shares of the company’s stock after selling 4,572 shares during the quarter. US Bancorp DE’s holdings in Flowers Foods were worth $1,356,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. purchased a new position in Flowers Foods during the first quarter worth $103,000. Quattro Financial Advisors LLC acquired a new stake in shares of Flowers Foods during the first quarter worth $146,000. MainStreet Investment Advisors LLC acquired a new stake in shares of Flowers Foods during the second quarter worth $204,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Flowers Foods during the first quarter worth $205,000. Finally, Grassi Investment Management acquired a new stake in shares of Flowers Foods during the second quarter worth $208,000. 66.35% of the stock is owned by institutional investors.

FLO has been the topic of several analyst reports. ValuEngine cut Flowers Foods from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Jefferies Financial Group restated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, May 17th. Zacks Investment Research cut Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, May 18th. Berenberg Bank initiated coverage on Flowers Foods in a report on Monday, May 21st. They set a “hold” rating and a $19.00 price objective on the stock. Finally, Consumer Edge upgraded Flowers Foods from a “neutral” rating to an “outperform” rating in a report on Monday, May 21st. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.80.

Shares of Flowers Foods stock opened at $20.39 on Friday. Flowers Foods, Inc. has a twelve month low of $17.41 and a twelve month high of $22.82. The firm has a market capitalization of $4.27 billion, a P/E ratio of 21.30, a PEG ratio of 2.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.39.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, August 8th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). Flowers Foods had a net margin of 3.58% and a return on equity of 15.85%. The firm had revenue of $941.30 million during the quarter, compared to analyst estimates of $936.16 million. During the same quarter in the previous year, the business posted $0.24 EPS. Flowers Foods’s revenue was up 1.6% compared to the same quarter last year. equities research analysts predict that Flowers Foods, Inc. will post 1.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, August 30th. Flowers Foods’s payout ratio is currently 80.90%.

About Flowers Foods

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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