Flowers Foods, Inc. (NYSE:FLO) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd reduced its holdings in Flowers Foods, Inc. (NYSE:FLO) by 74.4% during the 3rd quarter, Holdings Channel reports. The fund owned 24,899 shares of the company’s stock after selling 72,282 shares during the period. Point72 Hong Kong Ltd’s holdings in Flowers Foods were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. boosted its stake in shares of Flowers Foods by 423.1% in the third quarter. Edgestream Partners L.P. now owns 306,848 shares of the company’s stock worth $7,079,000 after buying an additional 248,185 shares during the last quarter. Martingale Asset Management L P acquired a new position in Flowers Foods in the third quarter valued at approximately $1,571,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Flowers Foods by 1.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company’s stock worth $13,519,000 after purchasing an additional 7,844 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Flowers Foods during the 3rd quarter worth approximately $1,646,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Flowers Foods by 94.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 180,227 shares of the company’s stock valued at $4,158,000 after purchasing an additional 87,654 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Flowers Foods Price Performance

Shares of NYSE FLO opened at $22.83 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The firm has a market cap of $4.81 billion, a PE ratio of 20.03, a PEG ratio of 4.31 and a beta of 0.36. Flowers Foods, Inc. has a one year low of $21.20 and a one year high of $26.12. The firm has a fifty day moving average of $22.44 and a 200 day moving average of $22.65.

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

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.20%. Flowers Foods’s payout ratio is currently 84.21%.

Flowers Foods 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.