Flowers Foods, Inc. (NYSE:FLO) Shares Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI increased its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 45,165 shares of the company’s stock after purchasing an additional 625 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Flowers Foods were worth $1,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in Flowers Foods by 1.9% in the second quarter. Arizona State Retirement System now owns 56,152 shares of the company’s stock valued at $1,247,000 after buying an additional 1,032 shares during the last quarter. VELA Investment Management LLC increased its holdings in shares of Flowers Foods by 4.4% in the 2nd quarter. VELA Investment Management LLC now owns 88,432 shares of the company’s stock valued at $1,963,000 after acquiring an additional 3,702 shares during the period. Gries Financial LLC raised its position in Flowers Foods by 3.1% in the 2nd quarter. Gries Financial LLC now owns 85,514 shares of the company’s stock valued at $1,898,000 after purchasing an additional 2,548 shares during the last quarter. Cooke & Bieler LP raised its position in Flowers Foods by 73.1% in the 2nd quarter. Cooke & Bieler LP now owns 5,301,518 shares of the company’s stock valued at $117,694,000 after purchasing an additional 2,239,592 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Flowers Foods by 784.9% during the 2nd quarter. Larson Financial Group LLC now owns 6,380 shares of the company’s stock worth $142,000 after purchasing an additional 5,659 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Stock Performance

NYSE:FLO traded down $0.02 during mid-day trading on Friday, reaching $23.41. The stock had a trading volume of 91,599 shares, compared to its average volume of 1,206,437. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 4.49 and a beta of 0.36. Flowers Foods, Inc. has a twelve month low of $19.64 and a twelve month high of $26.12. The business has a 50 day simple moving average of $22.46 and a 200 day simple moving average of $23.10.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, analysts expect that Flowers Foods, Inc. will post 1.25 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.10%. Flowers Foods’s payout ratio is currently 162.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FLO. BNP Paribas initiated coverage on shares of Flowers Foods in a report on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 target price for the company. StockNews.com raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. DA Davidson lifted their target price on Flowers Foods from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Flowers Foods from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.75.

About Flowers Foods

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.