Mutual of America Capital Management LLC lessened its stake in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,009 shares of the company’s stock after selling 4,467 shares during the period. Mutual of America Capital Management LLC’s holdings in Flowers Foods were worth $2,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLO. Rise Advisors LLC bought a new position in Flowers Foods in the 1st quarter valued at about $26,000. Lindbrook Capital LLC boosted its position in shares of Flowers Foods by 80.3% during the 1st quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock valued at $29,000 after purchasing an additional 538 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Flowers Foods during the 4th quarter valued at about $39,000. GAMMA Investing LLC boosted its position in shares of Flowers Foods by 56.6% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock valued at $55,000 after purchasing an additional 840 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Flowers Foods during the 2nd quarter valued at about $59,000. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Stock Performance

Flowers Foods stock opened at $22.94 on Wednesday. The firm’s 50 day simple moving average is $22.89 and its 200-day simple moving average is $23.17. The company has a market cap of $4.84 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 4.36 and a beta of 0.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91. 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 – Get Free Report) last released its earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. As a group, equities research analysts predict that Flowers Foods, Inc. will post 1.26 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, September 6th. Flowers Foods’s dividend payout ratio is currently 162.71%.

Wall Street Analysts Forecast Growth

FLO has been the subject of several research reports. BNP Paribas initiated coverage on shares of Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective for the company. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.75.

Get Our Latest Stock Report on FLO

About Flowers Foods

(Free Report)

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.

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