Tyler Stone Wealth Management Acquires 5,600 Shares of Flowers Foods, Inc. (NYSE:FLO)

Tyler Stone Wealth Management grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,300 shares of the company’s stock after acquiring an additional 5,600 shares during the period. Tyler Stone Wealth Management’s holdings in Flowers Foods were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FLO. Brooklyn Investment Group boosted its position in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after acquiring an additional 1,658 shares during the last quarter. Blue Trust Inc. grew its position in Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after acquiring an additional 694 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after acquiring an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Flowers Foods by 67.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock valued at $68,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after purchasing an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Down 0.7 %

FLO opened at $18.06 on Wednesday. The firm has a 50 day moving average price of $19.01 and a 200-day moving average price of $20.94. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 8.72 and a beta of 0.41. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a twelve month low of $17.95 and a twelve month high of $26.12.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same quarter in the previous year, the firm posted $0.20 EPS. Equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Friday, February 28th. Flowers Foods’s payout ratio is 82.05%.

Analysts Set New Price Targets

A number of brokerages recently commented on FLO. DA Davidson decreased their target price on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, February 10th. StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Truist Financial reduced their price target on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.00.

Flowers Foods Company Profile

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.