Berkeley Capital Partners LLC Reduces Holdings in Flowers Foods, Inc. (NYSE:FLO)

Berkeley Capital Partners LLC lowered its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,991 shares of the company’s stock after selling 3,062 shares during the period. Berkeley Capital Partners LLC’s holdings in Flowers Foods were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FLO. Brooklyn Investment Group increased its stake in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after buying an additional 1,658 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Flowers Foods by 34.4% in the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after buying an additional 694 shares during the last quarter. Quent Capital LLC increased its stake in shares of Flowers Foods by 104.2% in the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after buying an additional 1,556 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Flowers Foods by 67.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock worth $68,000 after buying an additional 1,323 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after buying an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. DA Davidson dropped their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company 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 report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Flowers Foods presently has an average rating of “Hold” and an average price target of $21.00.

Flowers Foods Stock Performance

Flowers Foods stock opened at $18.46 on Thursday. The company has a market cap of $3.89 billion, a PE ratio of 15.77, a P/E/G ratio of 8.72 and a beta of 0.41. The company has a fifty day moving average price of $19.11 and a two-hundred day moving average price of $21.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the business earned $0.20 earnings per share. Research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) 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.