Tennessee Valley Asset Management Partners Purchases New Stake in Flowers Foods, Inc. (NYSE:FLO)

Tennessee Valley Asset Management Partners purchased a new stake in Flowers Foods, Inc. (NYSE:FLO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,218 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors have also recently modified their holdings of the business. Financial Connections Group Inc. purchased a new stake in Flowers Foods during the fourth quarter worth $30,000. HM Payson & Co. purchased a new stake in Flowers Foods during the third quarter worth $30,000. NBC Securities Inc. purchased a new stake in Flowers Foods during the third quarter worth $32,000. Gladius Capital Management LP boosted its position in Flowers Foods by 46.4% during the third quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock worth $34,000 after purchasing an additional 488 shares in the last quarter. Finally, Covestor Ltd boosted its position in Flowers Foods by 36.3% during the third quarter. Covestor Ltd now owns 4,243 shares of the company’s stock worth $94,000 after purchasing an additional 1,129 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson assumed coverage on Flowers Foods in a research report on Friday, March 1st. They set a “neutral” rating and a $24.00 target price on the stock. StockNews.com upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.00.

Insider Transactions at Flowers Foods

In other Flowers Foods news, Director Edward J. Jr. Casey bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average cost of $23.55 per share, for a total transaction of $117,750.00. Following the completion of the purchase, the director now owns 20,330 shares of the company’s stock, valued at approximately $478,771.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Flowers Foods news, Director Edward J. Jr. Casey bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average cost of $23.55 per share, for a total transaction of $117,750.00. Following the completion of the purchase, the director now owns 20,330 shares of the company’s stock, valued at approximately $478,771.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Terry S. Thomas sold 36,577 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $23.11, for a total value of $845,294.47. Following the completion of the transaction, the insider now owns 42,740 shares of the company’s stock, valued at $987,721.40. The disclosure for this sale can be found here. Insiders own 11.49% of the company’s stock.

Flowers Foods Stock Performance

NYSE FLO opened at $24.69 on Wednesday. Flowers Foods, Inc. has a fifty-two week low of $19.64 and a fifty-two week high of $29.10. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.39. The business has a fifty day moving average of $23.05 and a 200-day moving average of $22.36. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.78.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, February 9th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Flowers Foods had a return on equity of 18.15% and a net margin of 2.42%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.73%. Flowers Foods’s dividend payout ratio (DPR) is 158.62%.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.