Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,357 shares of the company’s stock after acquiring an additional 1,063 shares during the period. Independent Advisor Alliance’s holdings in Flowers Foods were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Cooke & Bieler LP lifted its position in Flowers Foods by 73.1% during the second quarter. Cooke & Bieler LP now owns 5,301,518 shares of the company’s stock worth $117,694,000 after buying an additional 2,239,592 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Flowers Foods by 65.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,556 shares of the company’s stock valued at $29,104,000 after acquiring an additional 520,661 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Flowers Foods in the second quarter valued at about $10,392,000. Ceredex Value Advisors LLC increased its position in Flowers Foods by 85.4% during the third quarter. Ceredex Value Advisors LLC now owns 540,104 shares of the company’s stock worth $12,460,000 after purchasing an additional 248,800 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Flowers Foods by 4.3% during the second quarter. Renaissance Technologies LLC now owns 5,851,682 shares of the company’s stock worth $129,907,000 after purchasing an additional 242,797 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th.

Flowers Foods Trading Down 0.4 %

Shares of FLO stock opened at $22.73 on Friday. Flowers Foods, Inc. has a 1-year low of $20.50 and a 1-year high of $26.12. The firm has a market cap of $4.79 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.33 and a beta of 0.36. The company has a 50-day moving average of $22.46 and a two-hundred day moving average of $22.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping 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 firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. On average, analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.22%. Flowers Foods’s dividend payout ratio is presently 84.21%.

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.