Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Keene & Associates Inc.

Keene & Associates Inc. raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,515 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Keene & Associates Inc.’s holdings in Flowers Foods were worth $344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Flowers Foods during the first quarter worth about $26,000. Lindbrook Capital LLC increased its holdings in shares of Flowers Foods by 80.3% in the first quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock valued at $29,000 after purchasing an additional 538 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Flowers Foods in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC raised its stake in shares of Flowers Foods by 56.6% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock worth $55,000 after purchasing an additional 840 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Flowers Foods during the second quarter worth $59,000. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Stock Up 1.3 %

FLO stock opened at $23.17 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $22.63 and its 200 day moving average price is $23.12. Flowers Foods, Inc. has a 52 week low of $19.64 and a 52 week high of $26.12. The company has a market cap of $4.88 billion, a P/E ratio of 39.27, a P/E/G ratio of 4.36 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts expect that Flowers Foods, Inc. will post 1.26 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.24 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.14%. Flowers Foods’s dividend payout ratio is presently 162.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FLO shares. BNP Paribas initiated coverage on shares of Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective for the company. StockNews.com upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.75.

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.