AMG National Trust Bank Grows Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

AMG National Trust Bank lifted its holdings in Flowers Foods, Inc. (NYSE:FLO) by 113.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,292 shares of the company’s stock after acquiring an additional 36,264 shares during the period. AMG National Trust Bank’s holdings in Flowers Foods were worth $1,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FLO. Hexagon Capital Partners LLC acquired a new stake in Flowers Foods in the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its position in shares of Flowers Foods by 18,254.5% in the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after buying an additional 2,008 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Flowers Foods in the third quarter valued at about $52,000. Headlands Technologies LLC acquired a new stake in shares of Flowers Foods in the second quarter valued at about $59,000. Finally, Versant Capital Management Inc raised its holdings in shares of Flowers Foods by 7,694.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $66,000 after buying an additional 2,924 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Price Performance

FLO stock opened at $21.94 on Tuesday. The stock’s 50 day moving average is $22.64 and its two-hundred day moving average is $22.87. Flowers Foods, Inc. has a 52-week low of $20.50 and a 52-week high of $26.12. The company has a market capitalization of $4.62 billion, a PE ratio of 19.25, a P/E/G ratio of 4.11 and a beta of 0.36. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.75.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $0.29 earnings per share. Flowers Foods’s quarterly revenue was down .7% on a year-over-year basis. Analysts predict that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal 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 paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

About Flowers Foods

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.