Handelsinvest Investeringsforvaltning Has $242,000 Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Handelsinvest Investeringsforvaltning decreased its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,178 shares of the company’s stock after selling 5,284 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Flowers Foods were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP increased its holdings in shares of Flowers Foods by 46.4% during the third quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock worth $34,000 after buying an additional 488 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Flowers Foods by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 83,334 shares of the company’s stock valued at $1,876,000 after purchasing an additional 810 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Flowers Foods by 3.0% during the third quarter. Federated Hermes Inc. now owns 28,339 shares of the company’s stock valued at $629,000 after purchasing an additional 813 shares during the last quarter. Imprint Wealth LLC grew its stake in shares of Flowers Foods by 6.0% during the fourth quarter. Imprint Wealth LLC now owns 14,490 shares of the company’s stock valued at $326,000 after purchasing an additional 818 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Flowers Foods by 56.6% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock valued at $55,000 after purchasing an additional 840 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FLO. DA Davidson increased their price target on shares of Flowers Foods from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Flowers Foods from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. Finally, StockNews.com raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 25th. Four analysts have rated the stock with a hold rating and one has issued 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 $24.00.

Flowers Foods Trading Down 0.4 %

FLO stock traded down $0.09 during midday trading on Wednesday, reaching $22.06. The company’s stock had a trading volume of 33,078 shares, compared to its average volume of 1,220,670. Flowers Foods, Inc. has a 52 week low of $19.64 and a 52 week high of $26.33. The stock has a market cap of $4.66 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 5.72 and a beta of 0.36. The company has a quick ratio of 0.82, a current ratio of 1.11 and a debt-to-equity ratio of 0.76. The business’s 50-day simple moving average is $23.66 and its 200-day simple moving average is $23.16.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Flowers Foods had a net margin of 2.45% and a return on equity of 18.35%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business posted $0.38 earnings per share. Flowers Foods’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Flowers Foods, Inc. will post 1.23 EPS for the current year.

Flowers Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.35%. This is a boost from Flowers Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, June 6th. Flowers Foods’s dividend payout ratio (DPR) is currently 162.71%.

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.