W.E. Donoghue & Co. LLC Acquires 252,999 Shares of Flowers Foods, Inc. (NYSE:FLO)

W.E. Donoghue & Co. LLC grew its holdings in Flowers Foods, Inc. (NYSE:FLO) by 515.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,126 shares of the company’s stock after acquiring an additional 252,999 shares during the quarter. Flowers Foods accounts for approximately 0.8% of W.E. Donoghue & Co. LLC’s investment portfolio, making the stock its 24th biggest position. W.E. Donoghue & Co. LLC’s holdings in Flowers Foods were worth $7,030,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Carroll Financial Associates Inc. lifted its position in Flowers Foods by 1,406.3% during the first quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock worth $30,000 after purchasing an additional 1,336 shares during the period. FMR LLC lifted its position in Flowers Foods by 131.6% during the first quarter. FMR LLC now owns 2,279 shares of the company’s stock worth $49,000 after purchasing an additional 1,295 shares during the period. Quantamental Technologies LLC lifted its position in Flowers Foods by 59.6% during the first quarter. Quantamental Technologies LLC now owns 2,411 shares of the company’s stock worth $51,000 after purchasing an additional 900 shares during the period. Parallel Advisors LLC lifted its position in Flowers Foods by 140.1% during the first quarter. Parallel Advisors LLC now owns 2,454 shares of the company’s stock worth $52,000 after purchasing an additional 1,432 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Flowers Foods during the first quarter worth about $57,000. 64.87% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.25.

Shares of FLO stock traded up $0.14 on Friday, reaching $23.98. The company had a trading volume of 24,836 shares, compared to its average volume of 687,091. The firm has a market capitalization of $5.05 billion, a PE ratio of 25.52 and a beta of 0.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.92. Flowers Foods, Inc. has a one year low of $17.78 and a one year high of $24.09. The firm has a 50-day simple moving average of $23.49.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a net margin of 4.28% and a return on equity of 15.85%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, sell-side analysts forecast that Flowers Foods, Inc. will post 1 earnings per share for the current year.

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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