Flowers Foods, Inc. (NYSE:FLO) Position Increased by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lifted its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 264.0% during the second quarter, Holdings Channel reports. The firm owned 3,494 shares of the company’s stock after buying an additional 2,534 shares during the period. HHM Wealth Advisors LLC’s holdings in Flowers Foods were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AGF Management Ltd. increased its position in Flowers Foods by 2.4% in the 2nd quarter. AGF Management Ltd. now owns 102,255 shares of the company’s stock valued at $2,270,000 after acquiring an additional 2,433 shares during the period. Headlands Technologies LLC acquired a new position in shares of Flowers Foods during the second quarter valued at $59,000. Oak Thistle LLC bought a new stake in shares of Flowers Foods during the second quarter valued at about $818,000. UNIVEST FINANCIAL Corp lifted its holdings in Flowers Foods by 10.4% in the second quarter. UNIVEST FINANCIAL Corp now owns 11,301 shares of the company’s stock worth $251,000 after purchasing an additional 1,069 shares during the period. Finally, Arcadia Investment Management Corp MI lifted its holdings in Flowers Foods by 1.4% in the second quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock worth $1,003,000 after purchasing an additional 625 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Wall Street Analysts Forecast Growth

FLO has been the subject of a number of research analyst reports. StockNews.com raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. DA Davidson upped their price target on shares of Flowers Foods from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Finally, BNP Paribas assumed coverage on shares of Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $22.75.

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $22.84 on Thursday. The stock’s fifty day simple moving average is $22.56 and its 200 day simple moving average is $23.12. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 4.52 and a beta of 0.36. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. Flowers Foods, Inc. has a 52-week low of $19.64 and a 52-week high of $26.12.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the business posted $0.33 EPS. Flowers Foods’s revenue was down .3% on a year-over-year basis. As a group, sell-side analysts forecast that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.20%. Flowers Foods’s dividend payout ratio (DPR) is presently 162.71%.

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.