Algert Global LLC Raises Holdings in Flowers Foods, Inc. (NYSE:FLO)

Algert Global LLC boosted its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,237 shares of the company’s stock after buying an additional 1,908 shares during the quarter. Algert Global LLC’s holdings in Flowers Foods were worth $5,888,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in Flowers Foods by 15.5% during the third quarter. Cerity Partners LLC now owns 23,596 shares of the company’s stock valued at $544,000 after buying an additional 3,173 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Flowers Foods by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company’s stock valued at $46,327,000 after acquiring an additional 58,141 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in Flowers Foods by 239.6% in the third quarter. Landscape Capital Management L.L.C. now owns 165,939 shares of the company’s stock valued at $3,828,000 after acquiring an additional 117,079 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Flowers Foods in the third quarter valued at approximately $205,000. Finally, Advisors Asset Management Inc. boosted its stake in Flowers Foods by 202.4% in the third quarter. Advisors Asset Management Inc. now owns 6,160 shares of the company’s stock valued at $142,000 after acquiring an additional 4,123 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Price Performance

Shares of FLO opened at $22.43 on Friday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 4.23 and a beta of 0.36. Flowers Foods, Inc. has a twelve month low of $20.50 and a twelve month high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $22.54 and a two-hundred day moving average of $22.80.

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

Flowers Foods Announces Dividend

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

Wall Street Analysts Forecast Growth

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.

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.