Quantinno Capital Management LP grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,664 shares of the company's stock after purchasing an additional 40,691 shares during the quarter. Quantinno Capital Management LP owned approximately 0.11% of Flowers Foods worth $5,506,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Holocene Advisors LP boosted its position in Flowers Foods by 163.2% during the 3rd quarter. Holocene Advisors LP now owns 153,597 shares of the company's stock valued at $3,543,000 after buying an additional 95,248 shares during the period. Centiva Capital LP purchased a new stake in shares of Flowers Foods during the third quarter worth about $978,000. ClearAlpha Technologies LP grew its stake in shares of Flowers Foods by 4.4% in the third quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company's stock worth $323,000 after purchasing an additional 590 shares during the last quarter. Edgestream Partners L.P. increased its holdings in Flowers Foods by 423.1% during the 3rd quarter. Edgestream Partners L.P. now owns 306,848 shares of the company's stock valued at $7,079,000 after purchasing an additional 248,185 shares during the period. Finally, Martingale Asset Management L P bought a new position in Flowers Foods during the 3rd quarter valued at approximately $1,571,000. Institutional investors own 75.45% of the company's stock.
Separately, StockNews.com lowered Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th.
View Our Latest Analysis on FLO
Shares of FLO opened at $21.94 on Friday. Flowers Foods, Inc. has a 1-year low of $21.20 and a 1-year high of $26.12. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 4.26 and a beta of 0.37. The firm's 50-day moving average price is $22.38 and its 200-day moving average price is $22.61. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results 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. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $0.29 EPS. The business's revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts anticipate that Flowers Foods, Inc. will post 1.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Friday, November 29th. Flowers Foods's dividend payout ratio (DPR) is presently 84.21%.
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.
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