Fisher Asset Management LLC Has $19.70 Million Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Fisher Asset Management LLC boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 854,029 shares of the company’s stock after purchasing an additional 12,481 shares during the quarter. Fisher Asset Management LLC owned 0.41% of Flowers Foods worth $19,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FLO. Keynote Financial Services LLC acquired a new position in shares of Flowers Foods in the 1st quarter valued at $224,000. GAMMA Investing LLC grew its stake in Flowers Foods by 128.2% in the second quarter. GAMMA Investing LLC now owns 5,305 shares of the company’s stock valued at $118,000 after acquiring an additional 2,980 shares during the period. Versant Capital Management Inc grew its stake in Flowers Foods by 7,694.7% in the second quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $66,000 after acquiring an additional 2,924 shares during the period. CWM LLC increased its holdings in shares of Flowers Foods by 1,006.9% in the second quarter. CWM LLC now owns 11,567 shares of the company’s stock worth $257,000 after acquiring an additional 10,522 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Flowers Foods during the second quarter worth about $1,619,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Trading Down 0.4 %

FLO opened at $22.73 on Thursday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 19.94, a P/E/G ratio of 4.33 and a beta of 0.36. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Flowers Foods, Inc. has a 12 month low of $20.50 and a 12 month high of $26.12. The firm’s fifty day simple moving average is $22.48 and its 200 day simple moving average is $22.73.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. As a group, research analysts anticipate that Flowers Foods, Inc. will post 1.27 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is currently 84.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th.

Flowers Foods Company Profile

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.