BB&T Securities LLC purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,235 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Flowers Foods by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after purchasing an additional 629 shares in the last quarter. Ffcm LLC increased its holdings in Flowers Foods by 1,298.6% in the 3rd quarter. Ffcm LLC now owns 6,965 shares of the company’s stock worth $131,000 after purchasing an additional 6,467 shares in the last quarter. AMG National Trust Bank acquired a new position in Flowers Foods in the 2nd quarter worth about $196,000. Round Table Services LLC acquired a new position in Flowers Foods in the 3rd quarter worth about $208,000. Finally, Teacher Retirement System of Texas increased its holdings in Flowers Foods by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,051 shares of the company’s stock worth $261,000 after purchasing an additional 480 shares in the last quarter. 66.44% of the stock is owned by institutional investors.

Flowers Foods, Inc. (FLO) opened at $19.68 on Thursday. The stock has a market capitalization of $4,133.50, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 3.73 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. Flowers Foods, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $21.00.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $932.80 million for the quarter, compared to analyst estimates of $915.55 million. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. equities analysts expect that Flowers Foods, Inc. will post 0.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, November 30th. Flowers Foods’s dividend payout ratio (DPR) is presently 170.00%.

FLO has been the topic of a number of analyst reports. Pivotal Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, November 9th. Zacks Investment Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Monday, November 13th. TheStreet lowered Flowers Foods from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a research report on Thursday, November 2nd. Finally, Jefferies Group restated a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research report on Thursday, August 31st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.43.

In other news, insider Tonja W. Taylor sold 4,960 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total value of $97,067.20. Following the completion of the sale, the insider now directly owns 22,055 shares of the company’s stock, valued at $431,616.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert L. Benton, Jr. sold 18,500 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $18.83, for a total value of $348,355.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 509,689 shares of company stock valued at $9,743,948. Company insiders own 15.81% of the company’s stock.

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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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