Allen Mooney & Barnes Investment Advisors LLC Sells 18,228 Shares of Flowers Foods, Inc. (NYSE:FLO)

Allen Mooney & Barnes Investment Advisors LLC lowered its holdings in Flowers Foods, Inc. (NYSE:FLO) by 8.6% during the fourth quarter, HoldingsChannel.com reports. 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’s holdings in Flowers Foods were worth $4,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FLO. Hexagon Capital Partners LLC bought a new stake in shares of Flowers Foods in the third quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in 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 purchasing an additional 2,008 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Flowers Foods in the 3rd quarter valued at $52,000. Headlands Technologies LLC bought a new stake in Flowers Foods in the 2nd quarter valued at $59,000. Finally, Quest Partners LLC grew its position 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 purchasing an additional 3,294 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Performance

FLO opened at $19.28 on Wednesday. The stock’s 50 day simple moving average is $21.29 and its 200-day simple moving average is $22.17. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.06 billion, a PE ratio of 16.91, a P/E/G ratio of 4.02 and a beta of 0.39. Flowers Foods, Inc. has a 1 year low of $18.97 and a 1 year high of $26.12.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts forecast that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.98%. The ex-dividend date was Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

Wall Street Analyst Weigh In

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

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.