190,708 Shares in Flowers Foods, Inc. (NYSE:FLO) Bought by Moran Wealth Management LLC

Moran Wealth Management LLC acquired a new position in Flowers Foods, Inc. (NYSE:FLO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 190,708 shares of the company’s stock, valued at approximately $3,940,000. Moran Wealth Management LLC owned approximately 0.09% of Flowers Foods at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Flowers Foods by 6.6% in the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock worth $95,971,000 after purchasing an additional 259,216 shares in the last quarter. SG Americas Securities LLC raised its holdings in Flowers Foods by 642.6% in the fourth quarter. SG Americas Securities LLC now owns 113,637 shares of the company’s stock worth $2,348,000 after purchasing an additional 98,335 shares in the last quarter. Jane Street Group LLC raised its holdings in Flowers Foods by 85.0% in the third quarter. Jane Street Group LLC now owns 72,886 shares of the company’s stock worth $1,681,000 after purchasing an additional 33,480 shares in the last quarter. KBC Group NV raised its holdings in Flowers Foods by 2,156.0% in the fourth quarter. KBC Group NV now owns 136,354 shares of the company’s stock worth $2,817,000 after purchasing an additional 130,310 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in Flowers Foods in the fourth quarter worth $4,461,000. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $19.61 on Tuesday. Flowers Foods, Inc. has a 1-year low of $17.99 and a 1-year high of $26.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The business has a fifty day moving average price of $19.36 and a 200-day moving average price of $21.30. The company has a market capitalization of $4.13 billion, a PE ratio of 16.76, a PEG ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is 82.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FLO shares. Truist Financial decreased their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, February 10th. StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Finally, DA Davidson reduced their price target on Flowers Foods from $24.00 to $21.00 and set a “neutral” 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 issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Flowers Foods presently has an average rating of “Hold” and a consensus price target of $21.00.

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.