Flowers Foods, Inc. (NYSE:FLO) Shares Purchased by AMG National Trust Bank

AMG National Trust Bank raised its stake in Flowers Foods, Inc. (NYSE:FLO) by 113.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,292 shares of the company’s stock after acquiring an additional 36,264 shares during the quarter. AMG National Trust Bank’s holdings in Flowers Foods were worth $1,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FLO. Hexagon Capital Partners LLC purchased a new stake in Flowers Foods during the 3rd quarter worth about $29,000. Blue Trust Inc. grew its holdings in shares of Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after buying an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Flowers Foods in the third quarter valued at approximately $52,000. Headlands Technologies LLC purchased a new position in shares of Flowers Foods during the second quarter valued at approximately $59,000. Finally, Versant Capital Management Inc boosted its position in Flowers Foods by 7,694.7% during the second quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock worth $66,000 after acquiring an additional 2,924 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Flowers Foods Trading Up 1.7 %

NYSE FLO opened at $21.94 on Tuesday. The company has a market cap of $4.62 billion, a P/E ratio of 19.25, a P/E/G ratio of 4.11 and a beta of 0.36. Flowers Foods, Inc. has a 12 month low of $20.50 and a 12 month high of $26.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.91. The company has a 50-day moving average of $22.64 and a 200-day moving average of $22.87.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.29 earnings per share. Flowers Foods’s revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Flowers Foods, Inc. will post 1.27 earnings per share for the current 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. This represents a $0.96 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

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.