Gries Financial LLC Has $1.23 Million Holdings in Flowers Foods, Inc. (NYSE:FLO)

Gries Financial LLC decreased its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,753 shares of the company’s stock after selling 4,931 shares during the quarter. Gries Financial LLC’s holdings in Flowers Foods were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FLO. Geode Capital Management LLC grew its position in shares of Flowers Foods by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock worth $95,971,000 after buying an additional 259,216 shares during the period. Ceredex Value Advisors LLC grew its position in shares of Flowers Foods by 85.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 540,104 shares of the company’s stock worth $12,460,000 after buying an additional 248,800 shares during the period. Edgestream Partners L.P. grew its position in shares of Flowers Foods by 423.1% during the 3rd quarter. Edgestream Partners L.P. now owns 306,848 shares of the company’s stock worth $7,079,000 after buying an additional 248,185 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Flowers Foods during the 4th quarter worth approximately $4,461,000. Finally, Victory Capital Management Inc. grew its position in shares of Flowers Foods by 416.4% during the 3rd quarter. Victory Capital Management Inc. now owns 252,757 shares of the company’s stock worth $5,831,000 after buying an additional 203,807 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

Flowers Foods Price Performance

Shares of FLO opened at $19.54 on Thursday. Flowers Foods, Inc. has a 12-month low of $18.90 and a 12-month high of $26.12. The business’s fifty day moving average is $20.81 and its 200 day moving average is $22.00. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.12 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.82 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $0.29 EPS. The business’s revenue was down .7% on a year-over-year basis. Sell-side 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 announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Friday, November 29th. Flowers Foods’s dividend payout ratio is presently 84.21%.

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.