Y Intercept Hong Kong Ltd Raises Position in Flowers Foods, Inc. (NYSE:FLO)

Y Intercept Hong Kong Ltd increased its position in Flowers Foods, Inc. (NYSE:FLO) by 77.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,174 shares of the company’s stock after acquiring an additional 16,639 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Flowers Foods were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Flowers Foods by 18,254.5% in 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 during the last quarter. Capital Performance Advisors LLP purchased a new position in Flowers Foods in the 3rd quarter worth $52,000. Brooklyn Investment Group raised its stake in Flowers Foods by 171.8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after acquiring an additional 1,658 shares during the last quarter. Quent Capital LLC raised its stake in Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Quest Partners LLC raised its stake in Flowers Foods by 329,400.0% in the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after acquiring an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of FLO opened at $18.76 on Friday. The business’s 50-day moving average is $19.59 and its two-hundred day moving average is $21.51. The company has a market capitalization of $3.95 billion, a P/E ratio of 16.03, a P/E/G ratio of 8.72 and a beta of 0.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a fifty-two week low of $17.99 and a fifty-two week high of $26.12.

Flowers Foods (NYSE:FLO) last posted its earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted $0.20 EPS. Research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, February 28th. Flowers Foods’s dividend payout ratio (DPR) is presently 82.05%.

Wall Street Analysts Forecast Growth

FLO has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, February 10th. DA Davidson cut their price target on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. 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. Based on data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and an average 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.