Keybank National Association OH Cuts Position in Flowers Foods, Inc. (NYSE:FLO)

Keybank National Association OH lessened its stake in Flowers Foods, Inc. (NYSE:FLO) by 1.4% in the second quarter, HoldingsChannel.com reports. The firm owned 49,925 shares of the company’s stock after selling 725 shares during the quarter. Keybank National Association OH’s holdings in Flowers Foods were worth $1,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FLO. Carroll Financial Associates Inc. increased its holdings in shares of Flowers Foods by 1,406.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock valued at $30,000 after purchasing an additional 1,336 shares in the last quarter. GWM Advisors LLC increased its holdings in shares of Flowers Foods by 101.6% in the 1st quarter. GWM Advisors LLC now owns 49,260 shares of the company’s stock valued at $33,000 after purchasing an additional 24,825 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Flowers Foods in the 2nd quarter valued at about $39,000. FMR LLC grew its stake in Flowers Foods by 131.6% in the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Quantamental Technologies LLC grew its stake in Flowers Foods by 59.6% in the 1st quarter. Quantamental Technologies LLC now owns 2,411 shares of the company’s stock valued at $51,000 after acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

A number of equities research analysts recently commented on the stock. DA Davidson assumed coverage on shares of Flowers Foods in a research note on Monday, August 5th. They issued a “neutral” rating and a $24.00 price objective on the stock. ValuEngine cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Flowers Foods currently has a consensus rating of “Hold” and a consensus price target of $20.50.

NYSE FLO traded up $0.39 during trading hours on Friday, reaching $22.99. The company’s stock had a trading volume of 5,483,000 shares, compared to its average volume of 1,253,295. The stock has a market cap of $4.78 billion, a PE ratio of 24.46 and a beta of 0.41. Flowers Foods, Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $24.35. The company’s 50-day moving average is $23.43 and its two-hundred day moving average is $21.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.90 and a current ratio of 1.15.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The business had revenue of $975.76 million during the quarter, compared to analyst estimates of $967.66 million. Flowers Foods had a net margin of 4.44% and a return on equity of 15.95%. Flowers Foods’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Equities analysts expect that Flowers Foods, Inc. will post 0.97 earnings per share for the current fiscal year.

About Flowers Foods

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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