Dimensional Fund Advisors LP raised its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 16.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,387,499 shares of the company’s stock after acquiring an additional 333,384 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Flowers Foods were worth $44,908,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Arcus Capital Partners LLC raised its holdings in shares of Flowers Foods by 1.0% in the second quarter. Arcus Capital Partners LLC now owns 60,141 shares of the company’s stock valued at $1,041,000 after buying an additional 575 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Flowers Foods by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock valued at $116,000 after buying an additional 629 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Flowers Foods by 2.1% in the second quarter. State of Wisconsin Investment Board now owns 35,233 shares of the company’s stock valued at $610,000 after buying an additional 710 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Flowers Foods by 1.1% in the second quarter. PNC Financial Services Group Inc. now owns 66,543 shares of the company’s stock valued at $1,152,000 after buying an additional 753 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Flowers Foods by 0.5% in the second quarter. Mutual of America Capital Management LLC now owns 149,240 shares of the company’s stock valued at $2,583,000 after buying an additional 762 shares during the last quarter. 66.39% of the stock is owned by institutional investors.

FLO has been the subject of a number of research analyst reports. Zacks Investment Research raised Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, November 13th. BMO Capital Markets lifted their price target on Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, November 15th. TheStreet cut Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a report on Friday, November 10th. Finally, Pivotal Research raised Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.17.

In other Flowers Foods news, CEO Allen L. Shiver sold 177,081 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $19.00, for a total transaction of $3,364,539.00. Following the completion of the sale, the chief executive officer now directly owns 978,353 shares of the company’s stock, valued at approximately $18,588,707. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tonja W. Taylor sold 4,960 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total value of $97,067.20. Following the sale, the insider now directly owns 22,055 shares of the company’s stock, valued at $431,616.35. The disclosure for this sale can be found here. Insiders have sold a total of 448,016 shares of company stock valued at $8,588,807 over the last three months. Company insiders own 15.81% of the company’s stock.

Shares of Flowers Foods, Inc. (FLO) opened at $19.10 on Tuesday. The firm has a market capitalization of $4,010.00, a PE ratio of 47.75, a price-to-earnings-growth ratio of 3.38 and a beta of 1.04. Flowers Foods, Inc. has a twelve month low of $16.80 and a twelve month high of $21.00. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $932.80 million during 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 company’s quarterly revenue 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. equities analysts anticipate that Flowers Foods, Inc. will post 0.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.68 annualized dividend and a yield of 3.56%. Flowers Foods’s dividend payout ratio is currently 170.00%.

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

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