Signature Wealth Management Group Sells 2,316 Shares of Flowers Foods, Inc. (NYSE:FLO)

Signature Wealth Management Group lowered its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 1.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,872 shares of the company’s stock after selling 2,316 shares during the quarter. Flowers Foods comprises 2.3% of Signature Wealth Management Group’s holdings, making the stock its 13th biggest position. Signature Wealth Management Group owned 0.07% of Flowers Foods worth $3,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLO. Vanguard Group Inc. raised its position in shares of Flowers Foods by 3.5% during the third quarter. Vanguard Group Inc. now owns 18,371,286 shares of the company’s stock worth $342,808,000 after purchasing an additional 626,293 shares during the period. Vanguard Group Inc grew its holdings in Flowers Foods by 3.5% during the third quarter. Vanguard Group Inc now owns 18,371,286 shares of the company’s stock worth $342,808,000 after buying an additional 626,293 shares in the last quarter. BlackRock Inc. grew its holdings in Flowers Foods by 1.9% during the fourth quarter. BlackRock Inc. now owns 16,238,328 shares of the company’s stock worth $299,922,000 after buying an additional 296,547 shares in the last quarter. APG Asset Management N.V. grew its holdings in Flowers Foods by 36.2% during the fourth quarter. APG Asset Management N.V. now owns 3,663,400 shares of the company’s stock worth $59,190,000 after buying an additional 972,700 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Flowers Foods by 27.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,395,361 shares of the company’s stock worth $62,713,000 after buying an additional 731,718 shares in the last quarter. 67.04% of the stock is owned by institutional investors.

NYSE:FLO opened at $21.54 on Friday. Flowers Foods, Inc. has a twelve month low of $17.78 and a twelve month high of $22.67. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 22.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.05 and a current ratio of 1.36.

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

Several brokerages recently issued reports on FLO. Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine cut Flowers Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Pivotal Research reissued a “sell” rating and set a $16.00 price objective on shares of Flowers Foods in a report on Thursday, February 7th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Flowers Foods has a consensus rating of “Hold” and a consensus target price of $19.20.

In other news, insider Debo Mukherjee acquired 1,550 shares of Flowers Foods stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $20.20 per share, for a total transaction of $31,310.00. Following the transaction, the insider now owns 1,550 shares of the company’s stock, valued at $31,310. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.17% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Signature Wealth Management Group Sells 2,316 Shares of Flowers Foods, Inc. (NYSE:FLO)” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/10/flowers-foods-inc-flo-holdings-lowered-by-signature-wealth-management-group.html.

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.

Featured Article: Cash Flow Analysis in Stock Selection

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

Receive News & Ratings for Flowers Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods and related companies with MarketBeat.com's FREE daily email newsletter.