AXQ Capital LP Takes Position in Flowers Foods, Inc. (NYSE:FLO)

AXQ Capital LP acquired a new stake in Flowers Foods, Inc. (NYSE:FLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,199 shares of the company’s stock, valued at approximately $314,000.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Flowers Foods by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock worth $95,971,000 after acquiring an additional 259,216 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Flowers Foods by 642.6% during the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company’s stock worth $2,348,000 after acquiring an additional 98,335 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Flowers Foods by 85.0% during the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company’s stock worth $1,681,000 after acquiring an additional 33,480 shares during the last quarter. KBC Group NV lifted its stake in shares of Flowers Foods by 2,156.0% during the 4th quarter. KBC Group NV now owns 136,354 shares of the company’s stock worth $2,817,000 after acquiring an additional 130,310 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Flowers Foods during the 4th quarter worth approximately $4,461,000. 75.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Flowers Foods Trading Up 0.2 %

Shares of NYSE:FLO opened at $18.21 on Monday. The company has a market capitalization of $3.84 billion, a PE ratio of 15.56, a P/E/G ratio of 8.72 and a beta of 0.41. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a 12-month low of $17.99 and a 12-month high of $26.12. The business’s fifty day simple moving average is $19.06 and its 200-day simple moving average is $21.01.

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

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Friday, February 28th. Flowers Foods’s payout ratio is 82.05%.

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.