JPMorgan Chase & Co. grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,192 shares of the company’s stock after buying an additional 29,320 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Flowers Foods worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cadence Capital Management LLC raised its position in shares of Flowers Foods by 25.1% during the 2nd quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock worth $599,000 after buying an additional 6,935 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Flowers Foods by 186.5% during the 1st quarter. Prudential Financial Inc. now owns 302,816 shares of the company’s stock worth $5,878,000 after buying an additional 197,120 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Flowers Foods by 123.8% during the 1st quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock worth $1,663,000 after buying an additional 47,400 shares in the last quarter. BTIM Corp. raised its position in shares of Flowers Foods by 4.0% during the 2nd quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock worth $20,515,000 after buying an additional 46,117 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Flowers Foods by 23.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 114,543 shares of the company’s stock worth $1,983,000 after buying an additional 21,572 shares in the last quarter. Institutional investors own 64.66% of the company’s stock.

In other Flowers Foods news, insider Robert L. Benton, Jr. sold 15,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.87, for a total transaction of $283,050.00. Following the transaction, the insider now directly owns 81,677 shares in the company, valued at approximately $1,541,244.99. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert L. Benton, Jr. sold 18,500 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $18.83, for a total transaction of $348,355.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,735 shares of company stock worth $1,818,921. Corporate insiders own 15.81% of the company’s stock.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating and dropped their price target for the stock from $23.00 to $19.00 in a research report on Friday, July 28th. BMO Capital Markets restated a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research report on Thursday, July 20th. Finally, Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and an average target price of $19.67.

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Shares of Flowers Foods, Inc. (NYSE:FLO) opened at 18.75 on Friday. The company has a market capitalization of $3.93 billion, a P/E ratio of 24.70 and a beta of 1.01. The company has a 50 day moving average of $18.09 and a 200-day moving average of $18.37. Flowers Foods, Inc. has a 12-month low of $14.74 and a 12-month high of $21.00.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The firm had revenue of $926.64 million for the quarter, compared to analyst estimates of $931.26 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts anticipate that Flowers Foods, Inc. will post $0.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.63%. Flowers Foods’s payout ratio is presently 90.67%.

Flowers Foods Company Profile

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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