Brooklyn Investment Group Has $54,000 Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Brooklyn Investment Group increased its stake in Flowers Foods, Inc. (NYSE:FLO) by 171.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,623 shares of the company’s stock after purchasing an additional 1,658 shares during the period. Brooklyn Investment Group’s holdings in Flowers Foods were worth $54,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLO. Hexagon Capital Partners LLC bought a new position in Flowers Foods in the 3rd quarter valued at about $29,000. Blue Trust Inc. boosted its position in shares of Flowers Foods by 18,254.5% during the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after acquiring an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Flowers Foods in the third quarter valued at approximately $52,000. Quest Partners LLC raised its position in Flowers Foods by 329,400.0% during the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after purchasing an additional 3,294 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Flowers Foods by 84.5% during the third quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company’s stock worth $103,000 after purchasing an additional 2,041 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $19.42 on Monday. Flowers Foods, Inc. has a one year low of $18.90 and a one year high of $26.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 3.49 and a beta of 0.39. The firm has a 50 day simple moving average of $21.13 and a 200 day simple moving average of $22.11.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $0.29 EPS. Flowers Foods’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts predict 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 was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, November 29th. Flowers Foods’s dividend payout ratio is currently 84.21%.

Analysts Set New Price Targets

Separately, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

Flowers Foods Company 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.