APG Asset Management N.V. Grows Stake in Flowers Foods, Inc. (FLO)

APG Asset Management N.V. grew its stake in Flowers Foods, Inc. (NYSE:FLO) by 36.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,663,400 shares of the company’s stock after acquiring an additional 972,700 shares during the period. APG Asset Management N.V. owned 1.74% of Flowers Foods worth $59,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in shares of Flowers Foods in the fourth quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund raised its position in Flowers Foods by 1,721.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,336,840 shares of the company’s stock valued at $72,000 after purchasing an additional 1,263,444 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Flowers Foods during the fourth quarter valued at approximately $72,000. Capital Investment Advisory Services LLC acquired a new position in Flowers Foods during the fourth quarter valued at approximately $95,000. Finally, Atwood & Palmer Inc. acquired a new position in Flowers Foods during the fourth quarter valued at approximately $118,000. Institutional investors own 67.43% of the company’s stock.

FLO traded up $0.01 during trading on Friday, reaching $21.60. 553,041 shares of the stock traded hands, compared to its average volume of 859,213. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $4.57 billion, a P/E ratio of 22.98 and a beta of 0.50. Flowers Foods, Inc. has a 12 month low of $17.78 and a 12 month high of $22.79.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Flowers Foods had a net margin of 3.98% and a return on equity of 15.46%. The company had revenue of $880.67 million for the quarter, compared to analyst estimates of $869.41 million. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that Flowers Foods, Inc. will post 0.98 EPS for the current fiscal year.

In related news, insider Debo Mukherjee bought 1,550 shares of Flowers Foods stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $20.20 per share, with a total value of $31,310.00. Following the transaction, the insider now directly owns 1,550 shares of the company’s stock, valued at $31,310. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 15.20% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, April 9th. Pivotal Research reissued a “sell” rating and issued a $16.00 price objective on shares of Flowers Foods in a research note on Thursday, February 7th. Finally, ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Flowers Foods currently has a consensus rating of “Hold” and a consensus price target of $19.20.

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Flowers Foods Company Profile

Flowers Foods, Inc produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery. The Direct-Store-Delivery segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Dave's Killer Bread, Tastykake, Wonder, and Cobblestone Bread Company brand names.

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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