ClearAlpha Technologies LP Acquires 590 Shares of Flowers Foods, Inc. (NYSE:FLO)

ClearAlpha Technologies LP increased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 4.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,013 shares of the company’s stock after purchasing an additional 590 shares during the period. ClearAlpha Technologies LP’s holdings in Flowers Foods were worth $323,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Flowers Foods by 2.0% in the 2nd quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock valued at $528,000 after acquiring an additional 466 shares during the period. Taylor Frigon Capital Management LLC grew its stake in Flowers Foods by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock valued at $1,172,000 after purchasing an additional 500 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Flowers Foods by 4.4% in the third quarter. D.A. Davidson & CO. now owns 11,819 shares of the company’s stock worth $273,000 after purchasing an additional 500 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Flowers Foods by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock valued at $482,000 after buying an additional 603 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of Flowers Foods by 1.4% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock valued at $1,003,000 after buying an additional 625 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

Flowers Foods Trading Down 0.5 %

Flowers Foods stock opened at $22.62 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The stock has a market cap of $4.76 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 4.31 and a beta of 0.36. The stock has a 50-day moving average of $22.44 and a two-hundred day moving average of $22.67. Flowers Foods, Inc. has a one year low of $20.50 and a one year high of $26.12.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. Flowers Foods’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, research analysts anticipate that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.24%. Flowers Foods’s dividend payout ratio is currently 84.21%.

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.