ExodusPoint Capital Management LP Has $3.37 Million Stake in Flowers Foods, Inc. (NYSE:FLO)

ExodusPoint Capital Management LP boosted its holdings in Flowers Foods, Inc. (NYSE:FLO) by 82.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 162,905 shares of the company’s stock after purchasing an additional 73,697 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Flowers Foods were worth $3,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group grew its holdings in shares of Flowers Foods by 171.8% during the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after buying an additional 1,658 shares during the last quarter. Blue Trust Inc. boosted its stake in Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after purchasing an additional 694 shares during the last quarter. Quent Capital LLC increased its holdings in Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after purchasing an additional 1,556 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Flowers Foods by 67.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock worth $68,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Flowers Foods in the fourth quarter valued at approximately $245,000. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Down 2.0 %

FLO stock opened at $18.83 on Monday. Flowers Foods, Inc. has a 1-year low of $17.95 and a 1-year high of $26.12. The stock has a market cap of $3.97 billion, a P/E ratio of 16.09, a P/E/G ratio of 8.72 and a beta of 0.40. The stock’s fifty day simple moving average is $18.90 and its two-hundred day simple moving average is $20.69. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $0.20 earnings per share. Analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.10%. Flowers Foods’s payout ratio is 82.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FLO shares. Truist Financial lowered their price target on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, February 10th. DA Davidson lowered their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company 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 report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Flowers Foods presently has an average rating of “Hold” and an average price target of $21.00.

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.