Profund Advisors LLC Has $359,000 Stake in Flowers Foods, Inc. (FLO)
Profund Advisors LLC lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 31.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,759 shares of the company’s stock after selling 9,579 shares during the quarter. Profund Advisors LLC’s holdings in Flowers Foods were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of FLO. Cadence Capital Management LLC lifted its stake in shares of Flowers Foods by 25.1% during the 2nd quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock valued at $599,000 after buying an additional 6,935 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Flowers Foods by 186.5% during the 1st quarter. Prudential Financial Inc. now owns 302,816 shares of the company’s stock valued at $5,878,000 after buying an additional 197,120 shares in the last quarter. Janus Capital Management LLC lifted its stake in shares of Flowers Foods by 123.8% during the 1st quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock valued at $1,663,000 after buying an additional 47,400 shares in the last quarter. Systematic Financial Management LP purchased a new position in shares of Flowers Foods during the 2nd quarter valued at $1,555,000. Finally, BTIM Corp. lifted its stake in shares of Flowers Foods by 4.0% during the 2nd quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock valued at $20,515,000 after buying an additional 46,117 shares in the last quarter. Institutional investors and hedge funds own 64.66% of the company’s stock.
In related news, Chairman Amos R. Mcmullian acquired 20,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $17.91 per share, with a total value of $358,200.00. Following the completion of the acquisition, the chairman now directly owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Karyl H. Lauder sold 28,173 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $18.59, for a total transaction of $523,736.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,735 shares of company stock worth $1,818,921. Insiders own 15.81% of the company’s stock.
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FLO has been the topic of a number of analyst reports. BidaskClub upgraded shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research note on Thursday, August 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $19.00 target price 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, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.67.
Shares of Flowers Foods, Inc. (NYSE FLO) opened at 18.75 on Friday. The company has a market capitalization of $3.93 billion, a P/E ratio of 24.70 and a beta of 1.01. The firm has a 50-day moving average of $18.09 and a 200-day moving average of $18.37. Flowers Foods, Inc. has a one year low of $14.74 and a one year high of $21.00.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $926.64 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.26 earnings per share. Analysts forecast that Flowers Foods, Inc. will post $0.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, August 30th. Flowers Foods’s payout ratio is 90.67%.
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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