Meeder Asset Management Inc. grew its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 428.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,543 shares of the company’s stock after purchasing an additional 6,115 shares during the period. Meeder Asset Management Inc.’s holdings in Flowers Foods were worth $180,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its position in Flowers Foods by 4.7% in the 1st quarter. US Bancorp DE now owns 54,391 shares of the company’s stock valued at $1,295,000 after buying an additional 2,459 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in Flowers Foods by 167.5% during the first quarter. JJJ Advisors Inc. now owns 1,752 shares of the company’s stock worth $42,000 after purchasing an additional 1,097 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Flowers Foods by 48.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 104,469 shares of the company’s stock worth $2,529,000 after purchasing an additional 34,079 shares in the last quarter. CWM LLC grew its position in Flowers Foods by 110.0% in the 1st quarter. CWM LLC now owns 1,321 shares of the company’s stock worth $31,000 after purchasing an additional 692 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Flowers Foods by 15.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 59,180 shares of the company’s stock valued at $1,408,000 after buying an additional 7,993 shares during the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.
NYSE FLO opened at $24.46 on Thursday. The company has a market capitalization of $5.18 billion, a PE ratio of 53.17 and a beta of 0.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.68. Flowers Foods, Inc. has a 52-week low of $21.55 and a 52-week high of $25.18. The company has a 50-day simple moving average of $24.12 and a 200 day simple moving average of $23.06.
The company also recently announced a quarterly dividend, which was paid on Friday, March 19th. Shareholders of record on Friday, March 5th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, March 4th. Flowers Foods’s dividend payout ratio is currently 83.33%.
Separately, Stephens assumed coverage on Flowers Foods in a report on Tuesday, January 19th. They issued an “equal weight” rating and a $25.00 target price for the company. Five analysts have rated the stock with a hold rating, Flowers Foods has a consensus rating of “Hold” and an average target price of $24.40.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.
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