Royal Bank of Canada decreased its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 13.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 787,128 shares of the company’s stock after selling 122,630 shares during the period. Royal Bank of Canada owned 0.38% of Flowers Foods worth $13,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FLO. Cadence Capital Management LLC raised its stake in Flowers Foods by 25.1% during the second quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock worth $599,000 after purchasing an additional 6,935 shares during the period. Systematic Financial Management LP purchased a new position in Flowers Foods during the second quarter worth approximately $1,555,000. Prudential Financial Inc. raised its stake in Flowers Foods by 186.5% during the first quarter. Prudential Financial Inc. now owns 302,816 shares of the company’s stock worth $5,878,000 after purchasing an additional 197,120 shares during the period. Janus Capital Management LLC raised its stake in Flowers Foods by 123.8% during the first quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock worth $1,663,000 after purchasing an additional 47,400 shares during the period. Finally, BTIM Corp. raised its stake in Flowers Foods by 4.0% during the second quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock worth $20,515,000 after purchasing an additional 46,117 shares during the period. 64.66% of the stock is currently owned by institutional investors and hedge funds.

In other Flowers Foods news, SVP Karyl H. Lauder sold 28,173 shares of Flowers Foods stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $18.59, for a total value of $523,736.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert L. Benton, Jr. sold 18,500 shares of Flowers Foods stock in a transaction that occurred on 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. Insiders sold 98,735 shares of company stock valued at $1,818,921 over the last quarter. Corporate insiders own 15.81% of the company’s stock.

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Shares of Flowers Foods, Inc. (NYSE FLO) opened at 18.95 on Friday. Flowers Foods, Inc. has a 52-week low of $15.03 and a 52-week high of $21.00. The stock has a 50 day moving average of $18.23 and a 200 day moving average of $18.34. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 24.97 and a beta of 1.01.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The firm had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Equities analysts predict 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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Wednesday, August 30th. Flowers Foods’s dividend payout ratio (DPR) is presently 90.67%.

A number of equities analysts have weighed in on FLO shares. BidaskClub raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research note on Thursday, August 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Flowers Foods presently has a consensus rating of “Hold” and a consensus target price of $19.67.

Flowers Foods 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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