Algert Global LLC Acquires 1,908 Shares of Flowers Foods, Inc. (NYSE:FLO)

Algert Global LLC boosted its position in Flowers Foods, Inc. (NYSE:FLO) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,237 shares of the company’s stock after purchasing an additional 1,908 shares during the period. Algert Global LLC owned approximately 0.12% of Flowers Foods worth $5,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Flowers Foods by 2.0% in the second quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock worth $528,000 after purchasing an additional 466 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its stake in Flowers Foods by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock worth $1,172,000 after purchasing an additional 500 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Flowers Foods by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock worth $482,000 after purchasing an additional 603 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in Flowers Foods by 1.4% in the second quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock worth $1,003,000 after purchasing an additional 625 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Flowers Foods by 5.6% in the second quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock worth $354,000 after purchasing an additional 842 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

Flowers Foods Stock Performance

Shares of NYSE:FLO opened at $22.43 on Friday. The firm has a market cap of $4.72 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 4.23 and a beta of 0.36. The firm’s 50 day simple moving average is $22.54 and its 200-day simple moving average is $22.80. Flowers Foods, Inc. has a one year low of $20.50 and a one year high of $26.12. 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 (NYSE:FLO) last issued its earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. As a group, equities analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

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.