Tyler Stone Wealth Management Grows Position in Flowers Foods, Inc. (NYSE:FLO)

Tyler Stone Wealth Management raised its stake in Flowers Foods, Inc. (NYSE:FLO) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,300 shares of the company’s stock after purchasing an additional 5,600 shares during the quarter. Tyler Stone Wealth Management’s holdings in Flowers Foods were worth $771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Flowers Foods by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,737,981 shares of the company’s stock valued at $469,767,000 after buying an additional 518,745 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $95,971,000 after acquiring an additional 259,216 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Flowers Foods by 3.0% during the 3rd 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 during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Flowers Foods by 3.8% in the fourth quarter. Fisher Asset Management LLC now owns 886,349 shares of the company’s stock valued at $18,312,000 after purchasing an additional 32,320 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 acquiring an additional 7,844 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Performance

FLO opened at $18.06 on Wednesday. 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 $17.95 and a 12-month high of $26.12. The firm has a 50 day moving average of $19.01 and a two-hundred day moving average of $20.94. The firm has a market capitalization of $3.81 billion, a PE ratio of 15.44, a P/E/G ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping 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 quarter in the previous year, the business posted $0.20 EPS. On average, analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.32%. Flowers Foods’s dividend payout ratio is currently 82.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. DA Davidson dropped their target price on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Truist Financial decreased their price objective on shares of 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 research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.00.

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.