Boston Trust Walden Corp Has $88.56 Million Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Boston Trust Walden Corp trimmed its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,838,716 shares of the company’s stock after selling 784,301 shares during the period. Boston Trust Walden Corp owned approximately 1.82% of Flowers Foods worth $88,559,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FLO. PNC Financial Services Group Inc. increased its position in shares of Flowers Foods by 13.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,092 shares of the company’s stock valued at $272,000 after purchasing an additional 1,453 shares during the period. Coston McIsaac & Partners increased its holdings in Flowers Foods by 3.8% in the 1st quarter. Coston McIsaac & Partners now owns 182,563 shares of the company’s stock valued at $4,334,000 after buying an additional 6,761 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Flowers Foods by 4.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,128,390 shares of the company’s stock valued at $26,799,000 after buying an additional 46,180 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Flowers Foods by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 47,142 shares of the company’s stock valued at $1,120,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC boosted its position in shares of Flowers Foods by 0.9% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 52,279 shares of the company’s stock valued at $1,242,000 after acquiring an additional 474 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Price Performance

FLO stock traded up $0.03 during trading on Friday, hitting $22.32. The company had a trading volume of 868,766 shares, compared to its average volume of 1,153,640. The company has a fifty day moving average price of $22.98 and a two-hundred day moving average price of $23.09. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The company has a market cap of $4.71 billion, a P/E ratio of 37.81, a P/E/G ratio of 4.32 and a beta of 0.36. Flowers Foods, Inc. has a fifty-two week low of $19.64 and a fifty-two week high of $26.12.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned $0.33 EPS. Flowers Foods’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts expect that Flowers Foods, Inc. will post 1.26 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.24 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.96 annualized dividend and a yield of 4.30%. Flowers Foods’s payout ratio is 162.71%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BNP Paribas initiated coverage on shares of Flowers Foods in a research note on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price target for the company. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Flowers Foods presently has a consensus rating of “Hold” and an average 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.