Arcadia Investment Management Corp MI Boosts Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Arcadia Investment Management Corp MI boosted its holdings in Flowers Foods, Inc. (NYSE:FLO) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,165 shares of the company’s stock after acquiring an additional 625 shares during the period. Arcadia Investment Management Corp MI’s holdings in Flowers Foods were worth $1,003,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Flowers Foods in the first quarter valued at approximately $26,000. Lindbrook Capital LLC lifted its holdings in Flowers Foods by 80.3% in the first quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock valued at $29,000 after acquiring an additional 538 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Flowers Foods during the fourth quarter worth $39,000. GAMMA Investing LLC boosted its position in shares of Flowers Foods by 56.6% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock worth $55,000 after buying an additional 840 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Flowers Foods by 7,694.7% in the second quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $66,000 after buying an additional 2,924 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FLO. StockNews.com upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. BNP Paribas started coverage on shares of Flowers Foods in a research note on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Flowers Foods from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Finally, DA Davidson raised their price target on shares of Flowers Foods from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Flowers Foods currently has an average rating of “Hold” and an average price target of $22.75.

Flowers Foods Stock Down 0.1 %

Shares of Flowers Foods stock traded down $0.02 on Friday, reaching $23.41. 91,599 shares of the company were exchanged, compared to its average volume of 1,206,437. The stock’s 50 day moving average price is $22.46 and its 200-day moving average price is $23.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91. Flowers Foods, Inc. has a 1-year low of $19.64 and a 1-year high of $26.12. The company has a market cap of $4.94 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 4.49 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that Flowers Foods, Inc. will post 1.25 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, September 6th. Flowers Foods’s dividend payout ratio is presently 162.71%.

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.