Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its holdings in Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 396,316 shares of the company’s stock after acquiring an additional 23,508 shares during the quarter. Nuveen Asset Management LLC owned about 0.19% of Flowers Foods worth $9,785,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FLO. Advisor Group Holdings Inc. lifted its position in shares of Flowers Foods by 28.1% in the first quarter. Advisor Group Holdings Inc. now owns 12,607 shares of the company’s stock worth $323,000 after purchasing an additional 2,765 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Flowers Foods by 22.0% during the 1st quarter. Raymond James & Associates now owns 59,123 shares of the company’s stock valued at $1,520,000 after buying an additional 10,676 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Flowers Foods during the 1st quarter valued at $539,000. Cetera Advisor Networks LLC grew its holdings in shares of Flowers Foods by 60.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,920 shares of the company’s stock valued at $332,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Flowers Foods by 5.6% during the first quarter. Bank of Montreal Can now owns 27,286 shares of the company’s stock worth $704,000 after acquiring an additional 1,452 shares in the last quarter. Institutional investors own 66.81% of the company’s stock.

Flowers Foods Trading Down 0.4 %

Flowers Foods stock opened at $27.32 on Friday. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 25.53 and a beta of 0.39. The company’s fifty day moving average price is $27.78 and its two-hundred day moving average price is $27.66. Flowers Foods, Inc. has a one year low of $24.15 and a one year high of $30.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.43 and a quick ratio of 1.13.

Flowers Foods (NYSE:FLO – Get Rating) last released its quarterly earnings data on Friday, February 10th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Flowers Foods had a return on equity of 18.77% and a net margin of 4.75%. Flowers Foods’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. On average, analysts forecast that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.22%. Flowers Foods’s payout ratio is currently 82.24%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FLO shares. Deutsche Bank Aktiengesellschaft raised Flowers Foods from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research report on Friday, March 3rd. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 25th.

Flowers Foods Profile

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Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.