Taylor Frigon Capital Management LLC grew its holdings in Flowers Foods, Inc. (NYSE:FLO) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,674 shares of the company’s stock after purchasing an additional 655 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Flowers Foods were worth $881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Flowers Foods by 3.5% in the third quarter. Vanguard Group Inc. now owns 18,371,286 shares of the company’s stock valued at $342,808,000 after purchasing an additional 626,293 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Flowers Foods by 3.5% in the third quarter. Vanguard Group Inc now owns 18,371,286 shares of the company’s stock valued at $342,808,000 after purchasing an additional 626,293 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Flowers Foods by 0.3% in the third quarter. BlackRock Inc. now owns 15,941,781 shares of the company’s stock valued at $297,473,000 after purchasing an additional 47,373 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Flowers Foods by 49.7% in the third quarter. Renaissance Technologies LLC now owns 3,239,002 shares of the company’s stock valued at $60,440,000 after purchasing an additional 1,075,320 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Flowers Foods by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 2,663,643 shares of the company’s stock valued at $49,704,000 after purchasing an additional 29,251 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

FLO traded up $0.14 during trading on Tuesday, reaching $20.87. 21,827 shares of the stock were exchanged, compared to its average volume of 1,174,509. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 22.23 and a beta of 0.46. Flowers Foods, Inc. has a twelve month low of $17.78 and a twelve month high of $22.82. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $880.67 million for the quarter, compared to the consensus estimate of $869.41 million. Flowers Foods had a net margin of 3.98% and a return on equity of 15.46%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. As a group, research analysts forecast that Flowers Foods, Inc. will post 0.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 3.45%. Flowers Foods’s dividend payout ratio (DPR) is 76.60%.

A number of research firms have recently issued reports on FLO. Pivotal Research downgraded shares of Flowers Foods from a “buy” rating to a “sell” rating and lowered their price objective for the company from $24.00 to $16.00 in a report on Thursday, November 8th. Deutsche Bank set a $18.00 target price on shares of Flowers Foods and gave the stock a “hold” rating in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Monday, January 14th. Finally, ValuEngine upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.57.

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About Flowers Foods

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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

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