Legal & General Group Plc increased its position in Flowers Foods, Inc. (NYSE:FLO) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,704 shares of the company’s stock after acquiring an additional 27,927 shares during the period. Legal & General Group Plc owned about 0.11% of Flowers Foods worth $3,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FLO. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Flowers Foods by 58.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,195 shares of the company’s stock worth $101,000 after acquiring an additional 1,923 shares during the period. Ledyard National Bank grew its holdings in shares of Flowers Foods by 6.0% in the second quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock worth $153,000 after acquiring an additional 500 shares during the period. Crescent Grove Advisors LLC bought a new stake in shares of Flowers Foods in the second quarter worth $173,000. ARP Americas LLC bought a new stake in shares of Flowers Foods in the second quarter worth $213,000. Finally, Breton Hill Capital Ltd. bought a new stake in shares of Flowers Foods in the second quarter worth $215,000. 64.66% of the stock is owned by institutional investors.

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In other news, Chairman Amos R. Mcmullian bought 20,000 shares of Flowers Foods stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $17.91 per share, for a total transaction of $358,200.00. Following the purchase, the chairman now directly owns 3,643,717 shares of the company’s stock, valued at approximately $65,258,971.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marta Jones Turner sold 37,062 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the transaction, the executive vice president now owns 266,444 shares of the company’s stock, valued at approximately $4,772,012.04. The disclosure for this sale can be found here. Company insiders own 15.81% of the company’s stock.

Shares of Flowers Foods, Inc. (FLO) opened at 18.08 on Thursday. Flowers Foods, Inc. has a 12-month low of $14.60 and a 12-month high of $21.00. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 23.82 and a beta of 0.98. The firm’s 50-day moving average price is $17.68 and its 200 day moving average price is $18.46.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.76%. Flowers Foods’s dividend payout ratio (DPR) is 90.67%.

Several analysts recently commented on FLO shares. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, May 19th. TheStreet raised Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Flowers Foods in a report on Friday, May 26th. BidaskClub lowered Flowers Foods from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods has a consensus rating of “Hold” and a consensus price target of $19.67.

About Flowers Foods

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.

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

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