State of Alaska Department of Revenue Sells 2,100 Shares of Flowers Foods, Inc. (NYSE:FLO)

State of Alaska Department of Revenue cut its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,637 shares of the company’s stock after selling 2,100 shares during the period. State of Alaska Department of Revenue’s holdings in Flowers Foods were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. HM Payson & Co. bought a new stake in Flowers Foods during the 3rd quarter valued at $30,000. Fortis Capital Advisors LLC bought a new stake in Flowers Foods during the 4th quarter valued at $30,000. NBC Securities Inc. bought a new stake in Flowers Foods during the 3rd quarter valued at $32,000. Gladius Capital Management LP increased its holdings in shares of Flowers Foods by 46.4% in the 3rd quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock valued at $34,000 after acquiring an additional 488 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Flowers Foods by 36.3% in the 3rd quarter. Covestor Ltd now owns 4,243 shares of the company’s stock valued at $94,000 after acquiring an additional 1,129 shares during the period. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Up 0.1 %

Shares of FLO stock opened at $22.85 on Friday. Flowers Foods, Inc. has a 1-year low of $19.64 and a 1-year high of $29.10. The stock’s fifty day moving average price is $22.92 and its 200 day moving average price is $22.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 0.76. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 4.36 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, February 9th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Flowers Foods had a return on equity of 18.15% and a net margin of 2.42%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts expect that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.92 annualized dividend and a yield of 4.03%. Flowers Foods’s dividend payout ratio (DPR) is 158.62%.

Wall Street Analysts Forecast Growth

FLO has been the topic of a number of analyst reports. DA Davidson initiated coverage on Flowers Foods in a report on Friday, March 1st. They issued a “neutral” rating and a $24.00 price target on the stock. StockNews.com upgraded Flowers Foods from a “hold” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.00.

Insider Buying and Selling

In related news, insider Terry S. Thomas sold 36,577 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $23.11, for a total transaction of $845,294.47. Following the transaction, the insider now directly owns 42,740 shares in the company, valued at approximately $987,721.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Flowers Foods news, insider Terry S. Thomas sold 36,577 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $23.11, for a total transaction of $845,294.47. Following the sale, the insider now owns 42,740 shares in the company, valued at approximately $987,721.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward J. Jr. Casey purchased 5,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average price of $23.55 per share, for a total transaction of $117,750.00. Following the purchase, the director now owns 20,330 shares in the company, valued at approximately $478,771.50. The disclosure for this purchase can be found here. 11.49% of the stock is owned by company insiders.

Flowers Foods 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.