Blue Sky Asset Management LLC bought a new stake in shares of Flowers Foods, Inc. (NYSE:FLO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 49,647 shares of the company’s stock, valued at approximately $926,000. Flowers Foods comprises 0.8% of Blue Sky Asset Management LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors also recently made changes to their positions in FLO. Centaurus Financial Inc. bought a new stake in shares of Flowers Foods in the 2nd quarter worth approximately $101,000. Bessemer Group Inc. lifted its holdings in shares of Flowers Foods by 447.4% in the 3rd quarter. Bessemer Group Inc. now owns 6,503 shares of the company’s stock worth $121,000 after acquiring an additional 5,315 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Flowers Foods by 380.3% in the 2nd quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock worth $142,000 after acquiring an additional 5,393 shares during the last quarter. MainStreet Investment Advisors LLC bought a new stake in shares of Flowers Foods in the 2nd quarter worth approximately $204,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Flowers Foods in the 2nd quarter worth approximately $217,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Shares of NYSE FLO opened at $20.17 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64. Flowers Foods, Inc. has a 52 week low of $18.12 and a 52 week high of $22.82. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.03, a PEG ratio of 2.40 and a beta of 0.30.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Flowers Foods had a return on equity of 15.61% and a net margin of 5.45%. The firm had revenue of $923.45 million during the quarter, compared to analysts’ expectations of $931.87 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Flowers Foods, Inc. will post 0.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Thursday, November 29th. Flowers Foods’s payout ratio is 80.90%.

A number of equities research analysts have recently weighed in on FLO shares. Pivotal Research restated a “buy” rating and issued a $24.00 price objective on shares of Flowers Foods in a report on Thursday, August 9th. Consumer Edge lowered shares of Flowers Foods from an “overweight” rating to an “equal weight” rating in a report on Monday, August 6th. Jefferies Financial Group restated a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a report on Friday, August 10th. Zacks Investment Research restated a “hold” rating on shares of Flowers Foods in a report on Tuesday, November 13th. Finally, Deutsche Bank set a $18.00 price objective on shares of Flowers Foods and gave the stock a “hold” rating in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and a consensus target price of $20.50.

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Flowers Foods Profile

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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