Sheaff Brock Investment Advisors LLC Takes $208,000 Position in Flowers Foods, Inc. (NYSE:FLO)

Sheaff Brock Investment Advisors LLC bought a new stake in Flowers Foods, Inc. (NYSE:FLO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,000 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLO. State Board of Administration of Florida Retirement System grew its stake in Flowers Foods by 10.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 247,530 shares of the company’s stock valued at $5,879,000 after acquiring an additional 24,192 shares during the period. AMG National Trust Bank acquired a new stake in Flowers Foods in the 2nd quarter valued at $711,000. Assenagon Asset Management S.A. grew its position in Flowers Foods by 267.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 204,371 shares of the company’s stock valued at $4,537,000 after purchasing an additional 148,753 shares during the period. Bayesian Capital Management LP acquired a new position in Flowers Foods during the first quarter worth $581,000. Finally, Seven Eight Capital LP raised its holdings in Flowers Foods by 254.1% during the first quarter. Seven Eight Capital LP now owns 38,431 shares of the company’s stock worth $913,000 after buying an additional 27,577 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th.

Flowers Foods Stock Down 1.2 %

Shares of NYSE:FLO opened at $21.57 on Friday. The business’s 50 day moving average is $22.64 and its 200 day moving average is $22.90. Flowers Foods, Inc. has a 12-month low of $20.50 and a 12-month high of $26.12. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.12 and a beta of 0.36. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 0.75.

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 analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. On average, sell-side analysts forecast that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

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 paid a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 4.45%. Flowers Foods’s dividend payout ratio (DPR) is 84.21%.

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.