Teacher Retirement System of Texas Has $3.60 Million Stake in Flowers Foods, Inc. (NYSE:FLO)

Teacher Retirement System of Texas raised its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 98.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 174,056 shares of the company’s stock after acquiring an additional 86,510 shares during the period. Teacher Retirement System of Texas’ holdings in Flowers Foods were worth $3,596,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Flowers Foods by 6.6% during the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after buying an additional 259,216 shares in the last quarter. SG Americas Securities LLC boosted its position in Flowers Foods by 642.6% during the 4th quarter. SG Americas Securities LLC now owns 113,637 shares of the company’s stock worth $2,348,000 after acquiring an additional 98,335 shares during the period. Jane Street Group LLC grew its stake in Flowers Foods by 85.0% during the 3rd quarter. Jane Street Group LLC now owns 72,886 shares of the company’s stock valued at $1,681,000 after acquiring an additional 33,480 shares in the last quarter. KBC Group NV increased its holdings in shares of Flowers Foods by 2,156.0% in the 4th quarter. KBC Group NV now owns 136,354 shares of the company’s stock valued at $2,817,000 after purchasing an additional 130,310 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in shares of Flowers Foods in the fourth quarter worth approximately $4,461,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Wall Street Analysts Forecast Growth

FLO has been the topic of several research reports. DA Davidson dropped their target price 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. Truist Financial dropped their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.00.

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $18.20 on Tuesday. The business’s 50-day simple moving average is $19.04 and its 200-day simple moving average is $20.98. Flowers Foods, Inc. has a 52 week low of $17.99 and a 52 week high of $26.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 8.72 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last released its quarterly 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 net margin of 4.86% and a return on equity of 19.48%. During the same period last year, the business earned $0.20 EPS. As a group, equities research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, February 28th. Flowers Foods’s dividend payout ratio is currently 82.05%.

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.