Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its position in Flowers Foods, Inc. (NYSE:FLO) by 23.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,882 shares of the company’s stock after purchasing an additional 1,502 shares during the period. Larson Financial Group LLC’s holdings in Flowers Foods were worth $182,000 at the end of the most recent reporting period.

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

Flowers Foods Trading Down 0.4 %

Shares of Flowers Foods stock opened at $22.73 on Thursday. Flowers Foods, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $26.12. The business’s fifty day moving average is $22.48 and its two-hundred day moving average is $22.73. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The firm has a market cap of $4.79 billion, a PE ratio of 19.94, a P/E/G ratio of 4.33 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. Analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.22%. Flowers Foods’s dividend payout ratio (DPR) is 84.21%.

Analyst Ratings Changes

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

Flowers Foods Company 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.