Flowers Foods, Inc. (FLO) Stake Increased by Breton Hill Capital Ltd.
Breton Hill Capital Ltd. grew its holdings in Flowers Foods, Inc. (NYSE:FLO) by 26.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,628 shares of the company’s stock after buying an additional 3,228 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Flowers Foods were worth $294,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Flowers Foods by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock valued at $116,000 after buying an additional 629 shares in the last quarter. Ledyard National Bank increased its position 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 valued at $153,000 after buying an additional 500 shares in the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Flowers Foods in the second quarter valued at approximately $173,000. AMG National Trust Bank purchased a new stake in shares of Flowers Foods in the second quarter valued at approximately $196,000. Finally, Round Table Services LLC purchased a new stake in shares of Flowers Foods in the third quarter valued at approximately $208,000. Institutional investors and hedge funds own 65.07% of the company’s stock.
Shares of Flowers Foods, Inc. (NYSE:FLO) traded up $0.34 during trading hours on Friday, hitting $18.70. The stock had a trading volume of 1,386,800 shares, compared to its average volume of 1,004,991. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.07. The firm has a market capitalization of $3,919.71, a price-to-earnings ratio of 21.25, a PEG ratio of 3.55 and a beta of 1.00. Flowers Foods, Inc. has a 12-month low of $15.27 and a 12-month high of $21.00.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $932.80 million for the quarter, compared to analyst estimates of $915.55 million. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. analysts forecast that Flowers Foods, Inc. will post 0.86 earnings per share for the current year.
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In other Flowers Foods news, insider Robert L. Benton, Jr. sold 18,500 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $18.83, for a total transaction of $348,355.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Amos R. Mcmullian acquired 20,000 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average cost 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 disclosure for this purchase can be found here. Insiders sold 98,735 shares of company stock worth $1,818,921 over the last ninety days. Corporate insiders own 15.81% of the company’s stock.
A number of analysts have recently commented on the company. Pivotal Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, August 31st. BMO Capital Markets restated a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.33.
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.
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