S&T Bank PA Sells 1,893 Shares of Flowers Foods, Inc. (FLO)
S&T Bank PA lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,602 shares of the company’s stock after selling 1,893 shares during the period. S&T Bank PA’s holdings in Flowers Foods were worth $1,758,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of FLO. Cramer Rosenthal Mcglynn LLC lifted its holdings in Flowers Foods by 0.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,160,859 shares of the company’s stock valued at $37,404,000 after buying an additional 12,272 shares during the period. Clinton Group Inc. acquired a new position in Flowers Foods in the second quarter valued at $767,000. QS Investors LLC lifted its holdings in Flowers Foods by 190.1% in the second quarter. QS Investors LLC now owns 161,178 shares of the company’s stock valued at $2,790,000 after buying an additional 105,618 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Flowers Foods by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,054,115 shares of the company’s stock valued at $35,558,000 after buying an additional 342,563 shares during the period. Finally, Virtu KCG Holdings LLC lifted its holdings in Flowers Foods by 77.9% in the second quarter. Virtu KCG Holdings LLC now owns 59,142 shares of the company’s stock valued at $1,024,000 after buying an additional 25,897 shares during the period. Institutional investors own 64.66% of the company’s stock.
Flowers Foods, Inc. (FLO) traded up 0.239% during midday trading on Thursday, reaching $18.875. 107,775 shares of the company’s stock traded hands. The company’s 50-day moving average price is $18.03 and its 200-day moving average price is $18.37. Flowers Foods, Inc. has a 52-week low of $14.60 and a 52-week high of $21.00. The stock has a market cap of $3.95 billion, a P/E ratio of 24.868 and a beta of 1.01.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The firm had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. During the same period last year, the company posted $0.26 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts predict that Flowers Foods, Inc. will post $0.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.61%. Flowers Foods’s dividend payout ratio (DPR) is currently 90.67%.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BidaskClub upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Jefferies Group LLC lowered shares of Flowers Foods from a “buy” rating to a “hold” rating and dropped their target price for the company from $23.00 to $19.00 in a report on Friday, July 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.67.
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In other news, Chairman Amos R. Mcmullian acquired 20,000 shares of Flowers Foods stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $17.91 per share, for a total transaction of $358,200.00. Following the purchase, the chairman now owns 3,643,717 shares in the company, valued at $65,258,971.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert L. Benton, Jr. sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $18.83, for a total transaction of $348,355.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,562 shares of company stock valued at $1,295,185. 15.81% of the stock is currently owned by corporate insiders.
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.
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