Gibson Wealth Advisors LLC Reduces Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Gibson Wealth Advisors LLC cut its holdings in Flowers Foods, Inc. (NYSE:FLO) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,380 shares of the company’s stock after selling 900 shares during the quarter. Flowers Foods makes up approximately 0.4% of Gibson Wealth Advisors LLC’s holdings, making the stock its 22nd largest holding. Gibson Wealth Advisors LLC’s holdings in Flowers Foods were worth $452,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FLO. PNC Financial Services Group Inc. grew its position in shares of Flowers Foods by 13.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,092 shares of the company’s stock worth $272,000 after buying an additional 1,453 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Flowers Foods by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 83,334 shares of the company’s stock valued at $1,876,000 after acquiring an additional 810 shares in the last quarter. TFO Wealth Partners LLC increased its position in Flowers Foods by 52,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,734 shares of the company’s stock valued at $107,000 after purchasing an additional 4,725 shares during the period. Jones Financial Companies Lllp bought a new position in Flowers Foods in the 4th quarter worth $39,000. Finally, First Trust Advisors LP lifted its position in shares of Flowers Foods by 1.0% in the 4th quarter. First Trust Advisors LP now owns 3,690,327 shares of the company’s stock worth $83,069,000 after purchasing an additional 37,237 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Performance

Shares of FLO stock opened at $22.88 on Wednesday. The company’s fifty day moving average price is $22.94 and its 200-day moving average price is $23.18. The stock has a market cap of $4.83 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. Flowers Foods, Inc. has a 12 month low of $19.64 and a 12 month high of $26.12.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Friday, August 16th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Flowers Foods’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts expect that Flowers Foods, Inc. will post 1.26 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Friday, September 6th. Flowers Foods’s payout ratio is 162.71%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. BNP Paribas assumed coverage on Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective on the stock. 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, Flowers Foods presently has an average rating of “Hold” and a consensus target price of $22.75.

About Flowers Foods

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.