Flowers Foods, Inc. (FLO) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its position in Flowers Foods, Inc. (NYSE:FLO) by 106.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 726,537 shares of the company’s stock after buying an additional 374,159 shares during the period. Russell Investments Group Ltd.’s holdings in Flowers Foods were worth $12,576,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Flowers Foods by 13,803.5% in the first quarter. BlackRock Inc. now owns 14,447,449 shares of the company’s stock worth $280,425,000 after buying an additional 14,343,537 shares during the last quarter. Wellington Shields Capital Management LLC raised its stake in shares of Flowers Foods by 0.3% in the first quarter. Wellington Shields Capital Management LLC now owns 7,160,029 shares of the company’s stock worth $138,976,000 after buying an additional 22,873 shares during the last quarter. Wellington Shields & Co. LLC raised its stake in shares of Flowers Foods by 4,668.7% in the first quarter. Wellington Shields & Co. LLC now owns 6,665,434 shares of the company’s stock worth $129,376,000 after buying an additional 6,525,659 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Flowers Foods by 7.9% in the first quarter. Champlain Investment Partners LLC now owns 5,441,170 shares of the company’s stock worth $105,613,000 after buying an additional 400,290 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Flowers Foods by 2.8% in the first quarter. State Street Corp now owns 4,727,765 shares of the company’s stock worth $91,768,000 after buying an additional 130,642 shares during the last quarter. Institutional investors and hedge funds own 66.64% of the company’s stock.
Shares of Flowers Foods, Inc. (FLO) traded up 1.61% during midday trading on Friday, reaching $17.68. The company had a trading volume of 1,965,930 shares. The stock has a market capitalization of $3.70 billion, a PE ratio of 23.29 and a beta of 0.97. Flowers Foods, Inc. has a 52-week low of $14.51 and a 52-week high of $21.00. The company’s 50 day moving average price is $17.53 and its 200 day moving average price is $18.81.
Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $926.64 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Equities research analysts expect that Flowers Foods, Inc. will post $0.87 earnings per share for the current year.
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FLO has been the topic of a number of research analyst reports. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Group LLC lowered 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 note on Friday, July 28th. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $19.57.
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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