Stifel Financial Corp trimmed its stake in Flowers Foods, Inc. (NYSE:FLO) by 21.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,336 shares of the company’s stock after selling 4,758 shares during the quarter. Stifel Financial Corp’s holdings in Flowers Foods were worth $296,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 worth $116,000 after purchasing an additional 629 shares during the last quarter. Ledyard National Bank raised its stake 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 purchasing an additional 500 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Flowers Foods in the second quarter worth $173,000. AMG National Trust Bank purchased a new position in shares of Flowers Foods in the second quarter worth $196,000. Finally, Paloma Partners Management Co purchased a new position in shares of Flowers Foods in the first quarter worth $229,000. 64.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Flowers Foods, Inc. (FLO) opened at $18.34 on Friday. The company has a market capitalization of $3,839.39, a price-to-earnings ratio of 21.33, a P/E/G ratio of 3.53 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Flowers Foods, Inc. has a 1 year low of $15.05 and a 1 year high of $21.00.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. Flowers Foods’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. equities analysts forecast that Flowers Foods, Inc. will post 0.85 EPS for the current year.

Several research firms have recently weighed in on FLO. BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a research note on Thursday. BidaskClub cut Flowers Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Flowers Foods from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Jefferies Group LLC cut Flowers Foods from a “buy” rating to a “hold” rating and decreased their price target for the stock from $23.00 to $19.00 in a research note on Friday, July 28th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.67.

In other Flowers Foods news, EVP Marta Jones Turner sold 37,062 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $17.91, for a total transaction of $663,780.42. Following the completion of the sale, the executive vice president now owns 266,444 shares of the company’s stock, valued at $4,772,012.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert L. Benton, Jr. sold 15,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.87, for a total value of $283,050.00. Following the sale, the insider now directly owns 81,677 shares of the company’s stock, valued at approximately $1,541,244.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,735 shares of company stock valued at $1,818,921. 15.81% of the stock is owned by company insiders.

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Flowers Foods 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.

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

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