Flowers Foods, Inc. (NYSE:FLO) Holdings Cut by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC reduced its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,202 shares of the company’s stock after selling 18,228 shares during the period. Allen Mooney & Barnes Investment Advisors LLC owned 0.09% of Flowers Foods worth $4,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLO. Hexagon Capital Partners LLC acquired a new stake in Flowers Foods during the third quarter valued at $29,000. Blue Trust Inc. lifted its holdings 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 valued at $45,000 after buying an additional 2,008 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Flowers Foods during the 3rd quarter valued at about $52,000. Headlands Technologies LLC bought a new stake in shares of Flowers Foods in the 2nd quarter valued at approximately $59,000. Finally, Quest Partners LLC increased its holdings in 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. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Flowers Foods Price Performance

NYSE FLO opened at $19.28 on Wednesday. Flowers Foods, Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $26.12. The stock’s 50-day moving average is $21.29 and its two-hundred day moving average is $22.17. The firm has a market cap of $4.06 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 4.02 and a beta of 0.39. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. On average, analysts anticipate 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. Investors of record on Friday, November 29th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, November 29th. Flowers Foods’s dividend payout ratio is currently 84.21%.

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.