Flowers Foods, Inc. (NYSE:FLO) Shares Bought by Coston McIsaac & Partners

Coston McIsaac & Partners boosted its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 195,820 shares of the company’s stock after purchasing an additional 7,828 shares during the quarter. Coston McIsaac & Partners’ holdings in Flowers Foods were worth $4,517,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FLO. Vanguard Group Inc. increased its holdings in Flowers Foods by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 20,148,077 shares of the company’s stock worth $453,533,000 after buying an additional 84,001 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 purchasing an additional 242,797 shares in the last quarter. Cooke & Bieler LP raised its stake in Flowers Foods by 73.1% during the second quarter. Cooke & Bieler LP now owns 5,301,518 shares of the company’s stock worth $117,694,000 after acquiring an additional 2,239,592 shares in the last quarter. Boston Trust Walden Corp increased its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FLO shares. BNP Paribas started coverage on Flowers Foods in a report on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 price target on the stock. StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Flowers Foods has a consensus rating of “Hold” and a consensus price target of $22.75.

Flowers Foods Price Performance

Shares of NYSE FLO remained flat at $22.46 during midday trading on Wednesday. The stock had a trading volume of 61,653 shares, compared to its average volume of 1,154,379. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. Flowers Foods, Inc. has a one year low of $19.64 and a one year high of $26.12. The business has a 50 day moving average of $23.00 and a 200 day moving average of $23.11. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 4.32 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last issued its 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 return on equity of 18.97% and a net margin of 2.51%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Flowers Foods, Inc. will post 1.26 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.24 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.96 annualized dividend and a yield of 4.27%. Flowers Foods’s dividend payout ratio (DPR) is presently 162.71%.

Flowers Foods Company 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.