AMG National Trust Bank Has $1.33 Million Stock Position in Flowers Foods, Inc. (NYSE:FLO)

AMG National Trust Bank trimmed its position in Flowers Foods, Inc. (NYSE:FLO) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,831 shares of the company’s stock after selling 3,461 shares during the period. AMG National Trust Bank’s holdings in Flowers Foods were worth $1,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Flowers Foods in the third quarter worth about $52,000. Brooklyn Investment Group boosted its holdings in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after buying an additional 1,658 shares during the period. Blue Trust Inc. boosted its holdings in shares of Flowers Foods by 34.4% during the fourth quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock worth $56,000 after purchasing an additional 694 shares during the period. Quent Capital LLC boosted its holdings in shares of Flowers Foods by 104.2% during the fourth quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after purchasing an additional 1,556 shares during the period. Finally, Quest Partners LLC boosted its holdings in shares of Flowers Foods by 329,400.0% during the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after purchasing an additional 3,294 shares during the period. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Trading Up 4.1 %

NYSE:FLO opened at $19.40 on Friday. Flowers Foods, Inc. has a 12 month low of $17.99 and a 12 month high of $26.12. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 8.72 and a beta of 0.41. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $19.38 and its 200-day moving average is $21.35.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same period last year, the business earned $0.20 EPS. Equities analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 4.95%. Flowers Foods’s dividend payout ratio is currently 82.05%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. DA Davidson decreased their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, February 10th. StockNews.com cut shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Finally, Truist Financial decreased their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Flowers Foods has a consensus rating of “Hold” and a consensus target price of $21.00.

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.