Morgan Dempsey Capital Management LLC Sells 1,674 Shares of Flowers Foods, Inc. (NYSE:FLO)
Morgan Dempsey Capital Management LLC lowered its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 61,320 shares of the company’s stock after selling 1,674 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Flowers Foods were worth $1,061,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in FLO. Bronfman E.L. Rothschild L.P. increased its stake in 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 valued at $101,000 after buying an additional 1,923 shares during the period. Ledyard National Bank increased its stake in 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 during the period. Edmp Inc. acquired a new stake in Flowers Foods during the first quarter valued at approximately $194,000. ARP Americas LLC acquired a new stake in Flowers Foods during the second quarter valued at approximately $213,000. Finally, Breton Hill Capital Ltd. acquired a new stake in Flowers Foods during the second quarter valued at approximately $215,000. 66.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Flowers Foods, Inc. (NYSE FLO) opened at 17.53 on Thursday. The stock’s 50 day moving average price is $17.52 and its 200 day moving average price is $18.84. Flowers Foods, Inc. has a 12 month low of $14.35 and a 12 month high of $21.00. The company has a market capitalization of $3.67 billion, a PE ratio of 22.22 and a beta of 0.97.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Flowers Foods had a return on equity of 15.39% and a net margin of 4.22%. The firm had revenue of $926.64 million for the quarter, compared to analysts’ expectations of $931.26 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that Flowers Foods, Inc. will post $0.87 EPS for the current year.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price objective on shares of Flowers Foods in a report on Friday, May 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, July 20th. Finally, TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Flowers Foods has an average rating of “Hold” and an average 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.
Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowers Foods, Inc. (NYSE:FLO).
Receive News & Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.