Flowers Foods, Inc. (NYSE:FLO) Stake Raised by Walled Lake Planning & Wealth Management LLC

Walled Lake Planning & Wealth Management LLC grew its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 161,592 shares of the company’s stock after purchasing an additional 3,637 shares during the period. Flowers Foods comprises approximately 1.2% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Walled Lake Planning & Wealth Management LLC’s holdings in Flowers Foods were worth $3,338,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in Flowers Foods by 4.4% during the 3rd quarter. D.A. Davidson & CO. now owns 11,819 shares of the company’s stock worth $273,000 after acquiring an additional 500 shares during the period. ClearAlpha Technologies LP lifted its position in shares of Flowers Foods by 4.4% in the third quarter. ClearAlpha Technologies LP now owns 14,013 shares of the company’s stock worth $323,000 after purchasing an additional 590 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after purchasing an additional 694 shares during the period. Exchange Traded Concepts LLC grew its position in Flowers Foods by 3.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company’s stock valued at $665,000 after purchasing an additional 1,066 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Flowers Foods by 3.3% in the 4th quarter. LPL Financial LLC now owns 36,133 shares of the company’s stock valued at $747,000 after buying an additional 1,148 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $18.87 on Friday. The business’s 50-day simple moving average is $18.98 and its 200-day simple moving average is $20.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a 52 week low of $17.95 and a 52 week high of $26.12. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.20 EPS. As a group, equities research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.05%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FLO shares. Truist Financial dropped their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Finally, DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.