Quantbot Technologies LP Increases Stock Position in Flowers Foods, Inc. (NYSE:FLO)

Quantbot Technologies LP raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 193.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,160 shares of the company’s stock after purchasing an additional 50,835 shares during the period. Quantbot Technologies LP’s holdings in Flowers Foods were worth $1,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Flowers Foods by 4.3% in the second quarter. Renaissance Technologies LLC now owns 5,851,682 shares of the company’s stock valued at $129,907,000 after buying an additional 242,797 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Flowers Foods by 73.1% in the second quarter. Cooke & Bieler LP now owns 5,301,518 shares of the company’s stock valued at $117,694,000 after buying an additional 2,239,592 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of Flowers Foods by 1.2% in the second quarter. Boston Trust Walden Corp now owns 4,623,017 shares of the company’s stock valued at $102,631,000 after buying an additional 54,757 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Flowers Foods by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,720,302 shares of the company’s stock valued at $82,592,000 after buying an additional 160,794 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Flowers Foods by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,008,103 shares of the company’s stock worth $46,327,000 after purchasing an additional 58,141 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of FLO stock opened at $22.62 on Friday. The company has a market capitalization of $4.76 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 4.33 and a beta of 0.36. The firm has a fifty day simple moving average of $22.44 and a 200-day simple moving average of $22.71. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Flowers Foods, Inc. has a twelve month low of $20.50 and a twelve month high of $26.12.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. Equities research analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th.

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.