Hyman Charles D Has $889,000 Stake in Flowers Foods, Inc. (NYSE:FLO)

Hyman Charles D increased its stake in Flowers Foods, Inc. (NYSE:FLO) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,491 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Hyman Charles D’s holdings in Flowers Foods were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Boston Trust Walden Corp lifted its holdings in shares of Flowers Foods by 37.0% during the 4th quarter. Boston Trust Walden Corp now owns 4,583,334 shares of the company’s stock worth $103,171,000 after acquiring an additional 1,238,749 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Flowers Foods in the 3rd quarter valued at $19,875,000. Ceredex Value Advisors LLC bought a new stake in Flowers Foods in the fourth quarter valued at $11,518,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Flowers Foods by 64.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,082,210 shares of the company’s stock valued at $24,361,000 after acquiring an additional 425,988 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Flowers Foods in the 3rd quarter valued at $9,078,000. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Trading Up 1.3 %

Shares of FLO stock traded up $0.31 during trading hours on Tuesday, reaching $25.09. The company had a trading volume of 1,372,495 shares, compared to its average volume of 1,187,352. Flowers Foods, Inc. has a 1-year low of $19.64 and a 1-year high of $29.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 0.76. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 43.26, a P/E/G ratio of 4.71 and a beta of 0.37. The company has a 50 day moving average of $23.51 and a 200 day moving average of $22.64.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, February 9th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Flowers Foods had a return on equity of 18.15% and a net margin of 2.42%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities research analysts anticipate that Flowers Foods, Inc. will post 1.25 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Thursday, February 29th. Flowers Foods’s dividend payout ratio is currently 158.62%.

Analysts Set New Price Targets

FLO has been the topic of several research analyst reports. StockNews.com raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. DA Davidson started coverage on Flowers Foods in a report on Friday, March 1st. They set a “neutral” rating and a $24.00 price objective on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.00.

Insider Buying and Selling at Flowers Foods

In other news, insider Terry S. Thomas sold 36,577 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $23.11, for a total value of $845,294.47. Following the completion of the transaction, the insider now owns 42,740 shares of the company’s stock, valued at approximately $987,721.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Edward J. Jr. Casey acquired 5,000 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was bought at an average price of $23.55 per share, with a total value of $117,750.00. Following the completion of the transaction, the director now directly owns 20,330 shares of the company’s stock, valued at $478,771.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terry S. Thomas sold 36,577 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $23.11, for a total transaction of $845,294.47. Following the completion of the transaction, the insider now directly owns 42,740 shares of the company’s stock, valued at $987,721.40. The disclosure for this sale can be found here. Insiders own 11.42% of the company’s stock.

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.