GSA Capital Partners LLP Buys Shares of 48,816 Flowers Foods, Inc. (NYSE:FLO)

GSA Capital Partners LLP purchased a new position in Flowers Foods, Inc. (NYSE:FLO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,816 shares of the company’s stock, valued at approximately $1,126,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLO. Venturi Wealth Management LLC lifted its holdings in Flowers Foods by 84.5% during the third quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company’s stock worth $103,000 after buying an additional 2,041 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Flowers Foods by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 86,130 shares of the company’s stock worth $1,987,000 after acquiring an additional 1,243 shares in the last quarter. Tyler Stone Wealth Management lifted its stake in shares of Flowers Foods by 121.7% during the 3rd quarter. Tyler Stone Wealth Management now owns 31,700 shares of the company’s stock worth $731,000 after purchasing an additional 17,400 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Flowers Foods during the 3rd quarter worth $52,000. Finally, Summit Global Investments grew its stake in Flowers Foods by 165.2% in the third quarter. Summit Global Investments now owns 54,678 shares of the company’s stock valued at $1,261,000 after purchasing an additional 34,057 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Price Performance

Shares of NYSE FLO opened at $21.83 on Friday. Flowers Foods, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $26.12. The company has a market cap of $4.60 billion, a PE ratio of 19.15, a P/E/G ratio of 4.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.91 and a current ratio of 1.24. The business has a 50-day simple moving average of $22.71 and a two-hundred day simple moving average of $22.93.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down .7% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. As a group, equities analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a yield of 4.40%. Flowers Foods’s dividend payout ratio (DPR) is 84.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Flowers Foods 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.