68,077 Shares in Flowers Foods, Inc. (NYSE:FLO) Bought by Martingale Asset Management L P

Martingale Asset Management L P purchased a new position in Flowers Foods, Inc. (NYSE:FLO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 68,077 shares of the company’s stock, valued at approximately $1,571,000.

A number of other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Flowers Foods by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 586,008 shares of the company’s stock worth $13,519,000 after purchasing an additional 7,844 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Flowers Foods in the third quarter worth $1,646,000. BNP Paribas Financial Markets increased its position in shares of Flowers Foods by 94.7% in the third quarter. BNP Paribas Financial Markets now owns 180,227 shares of the company’s stock worth $4,158,000 after purchasing an additional 87,654 shares during the period. FMR LLC increased its position in shares of Flowers Foods by 12.3% in the third quarter. FMR LLC now owns 28,099 shares of the company’s stock worth $648,000 after purchasing an additional 3,080 shares during the period. Finally, Quantbot Technologies LP increased its position in shares of Flowers Foods by 193.1% in the third quarter. Quantbot Technologies LP now owns 77,160 shares of the company’s stock worth $1,780,000 after purchasing an additional 50,835 shares during the period. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Performance

Flowers Foods stock opened at $22.62 on Monday. Flowers Foods, Inc. has a 12-month low of $20.50 and a 12-month high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The business’s 50-day moving average price is $22.44 and its two-hundred day moving average price is $22.67. The stock has a market cap of $4.76 billion, a PE ratio of 19.84, a P/E/G ratio of 4.31 and a beta of 0.36.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, analysts expect that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th.

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.