Linden Thomas Advisory Services LLC Sells 682 Shares of Flowers Foods, Inc. (NYSE:FLO)

Linden Thomas Advisory Services LLC trimmed its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,093 shares of the company’s stock after selling 682 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Flowers Foods were worth $560,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in Flowers Foods by 6.6% during the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock worth $95,971,000 after purchasing an additional 259,216 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Flowers Foods by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company’s stock worth $46,327,000 after purchasing an additional 58,141 shares during the period. AQR Capital Management LLC grew its stake in Flowers Foods by 65.6% during the second quarter. AQR Capital Management LLC now owns 1,314,556 shares of the company’s stock worth $29,104,000 after purchasing an additional 520,661 shares during the period. Truist Financial Corp grew its stake in Flowers Foods by 3.0% during the second quarter. Truist Financial Corp now owns 1,265,092 shares of the company’s stock worth $28,085,000 after purchasing an additional 36,281 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Flowers Foods by 1.5% during the third quarter. Fisher Asset Management LLC now owns 854,029 shares of the company’s stock worth $19,702,000 after purchasing an additional 12,481 shares during the period. 75.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th.

Flowers Foods Trading Up 0.3 %

Shares of Flowers Foods stock opened at $19.96 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. Flowers Foods, Inc. has a 52 week low of $18.90 and a 52 week high of $26.12. The stock has a 50 day moving average price of $20.94 and a two-hundred day moving average price of $22.04. The stock has a market capitalization of $4.20 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 3.82 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.81%. Flowers Foods’s payout ratio is 84.21%.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.