Wedge Capital Management L L P NC purchased a new stake in Flowers Foods, Inc. (NYSE:FLO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,918 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLO. Wellington Management Group LLP purchased a new position in Flowers Foods during the 1st quarter worth $762,000. Teachers Advisors LLC boosted its holdings in Flowers Foods by 42.5% during the 1st quarter. Teachers Advisors LLC now owns 237,312 shares of the company’s stock worth $4,606,000 after acquiring an additional 70,719 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Flowers Foods by 22.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,552 shares of the company’s stock worth $33,221,000 after acquiring an additional 309,420 shares during the last quarter. State Street Corp boosted its holdings in Flowers Foods by 2.8% during the 1st quarter. State Street Corp now owns 4,727,765 shares of the company’s stock worth $91,768,000 after acquiring an additional 130,642 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Flowers Foods during the 1st quarter worth $229,000. 65.07% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have issued reports on FLO. TheStreet downgraded shares of Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday. Pivotal Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.60.

In other news, insider Robert L. Benton, Jr. sold 15,000 shares of Flowers Foods stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.87, for a total transaction of $283,050.00. Following the sale, the insider now directly owns 81,677 shares in the company, valued at approximately $1,541,244.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Karyl H. Lauder sold 28,173 shares of Flowers Foods stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total value of $523,736.07. The disclosure for this sale can be found here. Insiders have sold a total of 98,735 shares of company stock worth $1,818,921 over the last quarter. Company insiders own 15.81% of the company’s stock.

Shares of Flowers Foods, Inc. (FLO) opened at $18.70 on Friday. The company has a market capitalization of $3,848.43, a price-to-earnings ratio of 20.86, a PEG ratio of 3.49 and a beta of 1.00. Flowers Foods, Inc. has a 52 week low of $15.27 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.07 and a current ratio of 1.28.

Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The company had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $915.55 million. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. research analysts predict that Flowers Foods, Inc. will post 0.86 earnings per share for the current fiscal year.

Flowers Foods Profile

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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