December 1, 2016 - By Dolores Ford · 0 Comments
Flowers Foods Inc (NYSE:FLO) institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.05, from 1.2 in 2016Q1. The ratio has improved, as 140 active investment managers opened new or increased holdings, while 117 sold and reduced holdings in Flowers Foods Inc. The active investment managers in our partner’s database now own: 140.90 million shares, up from 132.93 million shares in 2016Q1. Also, the number of active investment managers holding Flowers Foods Inc in their top 10 holdings increased from 4 to 6 for an increase of 2. Sold All: 32 Reduced: 85 Increased: 104 New Position: 36.
Flowers Foods, Inc. is a producer and marketer of bakery products. The company has a market cap of $3.18 billion. The Firm operates in two divisions: direct-store-delivery segment and warehouse delivery segment (Warehouse Segment). It has a 17.91 P/E ratio. The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
The stock increased 0.65% or $0.1 during the last trading session, hitting $15.52. Flowers Foods, Inc. (NYSE:FLO) has declined 18.96% since April 28, 2016 and is downtrending. It has underperformed by 24.88% the S&P500.
Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on February, 8. They expect $0.16 EPS, 0.00% or $0.00 from last year’s $0.16 per share. FLO’s profit will be $32.78 million for 24.25 P/E if the $0.16 EPS becomes a reality. After $0.21 actual EPS reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts -23.81% negative EPS growth.
According to Zacks Investment Research, “Flowers Foods, Inc. is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products in the United States. Flowers Foods consists of Flowers Bakeries and Mrs. Smith’s Bakeries.”
Wellington Shields Capital Management Llc holds 23.22% of its portfolio in Flowers Foods, Inc. for 7.33 million shares. Southeast Asset Advisors Inc. owns 1.95 million shares or 12.02% of their US portfolio. Moreover, Tnb Financial has 4.45% invested in the company for 900,788 shares. The Louisiana-based Villere St Denis J & Co Llc has invested 3.35% in the stock. Jolley Asset Management Llc, a North Carolina-based fund reported 193,732 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 4 insider purchases, and 5 selling transactions for $8.04 million net activity.
Ratings analysis reveals 33% of Flowers Foods’s analysts are positive. Out of 9 Wall Street analysts rating Flowers Foods, 3 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $16 while the high is $30. The stock’s average target of $22 is 41.75% above today’s ($15.52) share price. FLO was included in 15 notes of analysts from September 21, 2015. The stock of Flowers Foods, Inc. (NYSE:FLO) has “Buy” rating given on Wednesday, December 16 by Jefferies. On Tuesday, February 16 the stock rating was upgraded by BB&T Capital to “Buy”. The company was initiated on Wednesday, October 5 by DA Davidson. The firm has “Market Perform” rating given on Friday, February 12 by BMO Capital Markets. Jefferies maintained Flowers Foods, Inc. (NYSE:FLO) rating on Thursday, August 11. Jefferies has “Buy” rating and $20 price target. The rating was maintained by Deutsche Bank with “Buy” on Monday, September 21. The company was downgraded on Thursday, February 11 by Stephens. The rating was downgraded by Deutsche Bank on Friday, February 12 to “Hold”. As per Thursday, May 26, the company rating was initiated by KeyBanc Capital Markets. The rating was downgraded by Suntrust Robinson on Thursday, February 11 to “Neutral”.
Flowers Foods, Inc., incorporated on October 19, 2000, is a producer and marketer of bakery products. The Firm operates in two divisions: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The firm operates approximately 50 bakeries and a mix plant. The Company’s baked foods clients include mass merchandisers, supermarkets and other retailers, restaurants, quick-serve chains, food wholesalers, institutions, dollar stores and vending companies. The Firm sells returned and surplus products through a system of discount bakery stores. The Firm operates approximately 280 discount bakery stores.
More news for Flowers Foods, Inc. (NYSE:FLO) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: PepsiCo, Flowers Foods and Kraft Heinz” on November 28, 2016. Prnewswire.com‘s article titled: “Flowers Foods, Inc. Reports Third Quarter 2016 Results” and published on November 09, 2016 is yet another important article.
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By Dolores Ford