Gibson Wealth Advisors LLC Trims Holdings in Flowers Foods, Inc. (NYSE:FLO)

Gibson Wealth Advisors LLC reduced its stake in Flowers Foods, Inc. (NYSE:FLO) by 4.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,422 shares of the company’s stock after selling 958 shares during the period. Flowers Foods accounts for approximately 0.3% of Gibson Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Gibson Wealth Advisors LLC’s holdings in Flowers Foods were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group grew its holdings in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after purchasing an additional 1,658 shares during the period. Blue Trust Inc. grew its stake in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after buying an additional 694 shares during the period. Quent Capital LLC increased its holdings in shares of 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 buying an additional 1,556 shares during the last quarter. Covestor Ltd raised its position in shares of Flowers Foods by 622.5% during the 4th quarter. Covestor Ltd now owns 3,049 shares of the company’s stock valued at $63,000 after buying an additional 2,627 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Flowers Foods by 67.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock valued at $68,000 after acquiring an additional 1,323 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Price Performance

FLO stock opened at $17.98 on Thursday. The business’s fifty day moving average price is $18.64 and its 200 day moving average price is $20.39. Flowers Foods, Inc. has a 12-month low of $17.33 and a 12-month high of $26.12. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.80 billion, a PE ratio of 15.37, a P/E/G ratio of 8.72 and a beta of 0.40.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned $0.20 EPS. On average, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 5.34%. Flowers Foods’s dividend payout ratio is presently 82.05%.

Wall Street Analyst Weigh In

FLO has been the subject of several recent analyst reports. DA Davidson cut their target price on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Truist Financial lowered their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Flowers Foods currently has an average rating of “Hold” and a consensus target price 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.