PNC Financial Services Group Inc. Has $140,000 Stock Position in Flowers Foods, Inc. (NYSE:FLO)

PNC Financial Services Group Inc. lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 33.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,759 shares of the company’s stock after selling 3,408 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Flowers Foods were worth $140,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group grew its holdings in shares of Flowers Foods by 171.8% during the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after buying an additional 1,658 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after acquiring an additional 694 shares in the last quarter. Quent Capital LLC grew its stake in shares of Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after acquiring an additional 1,556 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Flowers Foods by 202.4% in the third quarter. Advisors Asset Management Inc. now owns 6,160 shares of the company’s stock worth $142,000 after purchasing an additional 4,123 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson decreased their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Truist Financial lowered their target price on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Flowers Foods Trading Up 0.2 %

Shares of FLO stock opened at $18.20 on Tuesday. The stock has a market cap of $3.84 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 8.72 and a beta of 0.41. Flowers Foods, Inc. has a 1 year low of $17.99 and a 1 year high of $26.12. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $19.04 and a 200 day simple moving average of $20.98.

Flowers Foods (NYSE:FLO) last posted 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 net margin of 4.86% and a return on equity of 19.48%. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.28%. Flowers Foods’s payout ratio is currently 82.05%.

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.