Larson Financial Group LLC Purchases 5,659 Shares of Flowers Foods, Inc. (NYSE:FLO)

Larson Financial Group LLC grew its position in Flowers Foods, Inc. (NYSE:FLO) by 784.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,380 shares of the company’s stock after purchasing an additional 5,659 shares during the period. Larson Financial Group LLC’s holdings in Flowers Foods were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Flowers Foods in the 1st quarter valued at approximately $26,000. Lindbrook Capital LLC raised its holdings in shares of Flowers Foods by 80.3% in the first quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock valued at $29,000 after purchasing an additional 538 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Flowers Foods in the fourth quarter worth $39,000. GAMMA Investing LLC boosted its holdings in Flowers Foods by 56.6% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock worth $55,000 after purchasing an additional 840 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Flowers Foods by 7,694.7% in the second quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $66,000 after purchasing an additional 2,924 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Stock Up 0.0 %

Shares of FLO stock opened at $23.44 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.19. The firm’s 50-day moving average is $22.51 and its 200-day moving average is $23.11. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 4.49 and a beta of 0.36. Flowers Foods, Inc. has a 52-week low of $19.64 and a 52-week high of $26.12.

Flowers Foods (NYSE:FLO) last posted its 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Sell-side analysts predict that Flowers Foods, Inc. will post 1.25 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.96 annualized dividend and a yield of 4.10%. Flowers Foods’s dividend payout ratio is currently 162.71%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BNP Paribas started coverage on shares of Flowers Foods in a research note on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective for the company. DA Davidson raised their price target on Flowers Foods from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, StockNews.com upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.75.

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.