Nisa Investment Advisors LLC Has $619,000 Position in Flowers Foods Inc. (FLO)
Nisa Investment Advisors LLC maintained its stake in Flowers Foods Inc. (NYSE:FLO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,987 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Flowers Foods were worth $619,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. bought a new stake in Flowers Foods during the second quarter valued at approximately $463,000. Fenimore Asset Management Inc. increased its stake in Flowers Foods by 21.5% in the second quarter. Fenimore Asset Management Inc. now owns 1,426,840 shares of the company’s stock valued at $26,753,000 after buying an additional 252,965 shares during the period. Capstone Asset Management Co. increased its stake in Flowers Foods by 2.5% in the second quarter. Capstone Asset Management Co. now owns 250,509 shares of the company’s stock valued at $4,697,000 after buying an additional 6,199 shares during the period. Breton Hill Capital Ltd. bought a new stake in Flowers Foods during the second quarter valued at approximately $199,000. Finally, Weaver C. Barksdale & Associates Inc. increased its stake in Flowers Foods by 5,602.2% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 48,184 shares of the company’s stock valued at $903,000 after buying an additional 47,339 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.
Flowers Foods Inc. (NYSE:FLO) traded up 0.33% during mid-day trading on Friday, reaching $15.42. The company had a trading volume of 4,036,817 shares. Flowers Foods Inc. has a 52 week low of $14.35 and a 52 week high of $27.31. The stock’s 50-day moving average price is $16.02 and its 200 day moving average price is $17.89. The firm has a market capitalization of $3.19 billion, a PE ratio of 17.54 and a beta of 0.68.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $935 million for the quarter, compared to the consensus estimate of $948.98 million. Flowers Foods had a return on equity of 16.39% and a net margin of 4.80%. Flowers Foods’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, equities research analysts predict that Flowers Foods Inc. will post $0.91 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.15%. Flowers Foods’s dividend payout ratio is presently 72.73%.
Several research firms have commented on FLO. Pivotal Research reissued a “sell” rating and issued a $4.00 target price on shares of Flowers Foods in a report on Thursday, September 1st. TheStreet downgraded Flowers Foods from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Saturday, August 13th. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “strong sell” rating in a report on Friday, August 12th. Finally, Jefferies Group lowered their price target on Flowers Foods from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Flowers Foods currently has an average rating of “Hold” and a consensus target price of $18.00.
In other news, SVP Robert L. Benton, Jr. sold 12,065 shares of Flowers Foods stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $18.49, for a total value of $223,081.85. Following the transaction, the senior vice president now directly owns 65,610 shares in the company, valued at approximately $1,213,128.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Karyl H. Lauder sold 23,500 shares of Flowers Foods stock in a transaction on Monday, June 27th. The shares were sold at an average price of $17.96, for a total value of $422,060.00. Following the completion of the transaction, the chief accounting officer now owns 132,851 shares in the company, valued at $2,386,003.96. The disclosure for this sale can be found here. 16.87% of the stock is owned by insiders.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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