Prudential Financial Inc. boosted its position in Flowers Foods, Inc. (NYSE:FLO) by 106.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 626,016 shares of the company’s stock after purchasing an additional 323,200 shares during the quarter. Prudential Financial Inc. owned about 0.30% of Flowers Foods worth $10,836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cadence Capital Management LLC raised its stake in Flowers Foods by 25.1% in the 2nd quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock valued at $599,000 after purchasing an additional 6,935 shares during the last quarter. Janus Capital Management LLC raised its stake in Flowers Foods by 123.8% in the 1st quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock valued at $1,663,000 after purchasing an additional 47,400 shares during the last quarter. BTIM Corp. raised its stake in Flowers Foods by 4.0% in the 2nd quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock valued at $20,515,000 after purchasing an additional 46,117 shares during the last quarter. SG Americas Securities LLC raised its stake in Flowers Foods by 22.7% in the 2nd quarter. SG Americas Securities LLC now owns 113,463 shares of the company’s stock valued at $1,964,000 after purchasing an additional 20,985 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Flowers Foods by 4.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 108,301 shares of the company’s stock valued at $2,102,000 after purchasing an additional 4,287 shares during the last quarter. 64.66% of the stock is owned by hedge funds and other institutional investors.

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Shares of Flowers Foods, Inc. (NYSE FLO) opened at 18.12 on Tuesday. The firm has a market capitalization of $3.79 billion, a P/E ratio of 23.87 and a beta of 0.98. The firm has a 50 day moving average price of $17.66 and a 200-day moving average price of $18.47. Flowers Foods, Inc. has a 52 week low of $14.60 and a 52 week high of $21.00.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The company had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts predict that Flowers Foods, Inc. will post $0.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.75%. Flowers Foods’s dividend payout ratio (DPR) is 90.67%.

Several research firms recently commented on FLO. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, August 31st. BMO Capital Markets reissued a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, TheStreet raised Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods presently has an average rating of “Hold” and an average target price of $19.67.

In related news, EVP Marta Jones Turner sold 37,062 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the transaction, the executive vice president now directly owns 266,444 shares in the company, valued at $4,772,012.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Amos R. Mcmullian bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $17.91 per share, with a total value of $358,200.00. Following the completion of the purchase, the chairman now directly owns 3,643,717 shares of the company’s stock, valued at approximately $65,258,971.47. The disclosure for this purchase can be found here. Insiders own 15.81% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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