Cerity Partners LLC acquired Flowers Foods, Inc. made a new investment in (NYSE:FLO)

As the Holdings Channel reports, Serity Partners LLC acquired Flower Foods, Inc. in the second quarter. (NYSE: FLO – Receive Rating) bought a new position. The firm purchased 16,236 shares of the company’s stock, valued at approximately $427,000.

Several other hedge funds have also modified their holdings of FLO. SG Americas Securities LLC increased its stake in Flower Foods shares to 51.8% in the first quarter. SG Americas Securities LLC now holds 76,508 shares of the company valued at $1,967,000 after buying an additional 26,097 shares in the last quarter. SignatureFD LLC boosted its stake in Flower Foods shares by 5.6% in the first quarter. SignatureFD LLC now owns 13,108 shares of the company’s stock valued at $337,000 after buying an additional 692 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Flower Foods shares by 2.0% in the first quarter. Mutual of America Capital Management LLC now owns 181,205 shares of the company valued at $4,659,000 after buying an additional 3,469 shares in the last quarter. Victory Capital Management Inc. raised its stake in Flower Foods shares to 63.4% in the first quarter. Victory Capital Management Inc. after buying an additional 29,531 shares in the last quarter. holds 76,104 shares of the company valued at $2,018,000. Finally, Autumn Glory Partners LLC raised its stake in Flower Foods shares by 2.6% in the first quarter. Autumn Glory Partners LLC now owns 103,590 shares of the company valued at $2,663,000 after buying an additional 2,621 shares in the last quarter. 77.15% of the stock is currently held by institutional investors.

Analysts set new price targets

Separately, StockNews.com raised shares of Flower Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Flower Foods Price Performance

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FLO stock opened Friday at $28.75. Flowers Foods, Inc. The One Year Low is $24.15 and the One Year High is $29.73. The company’s 50-day moving average price is $26.75 and its 200-day moving average price is $26.80. The company has a debt-to-equity ratio of 0.62, quick ratio of 1.12 and current ratio of 1.41. The company has a market capitalization of $6.07 billion, a PE ratio of 28.19, and a beta of 0.38.

Flowers Foods Dividend Declaration

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16. Investors of record will be paid a dividend of $0.22 per share on Friday, December 2nd. This represents a $0.88 dividend and a yield of 3.06% on an annualized basis. The ex-dividend date is Thursday, December 1. The payout ratio of Flower Foods is 86.28%.

Inside Activity at Flower Foods

In other Flower Foods news, Director Thomas Caldecott Chubb III bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, Aug. 23. The shares were purchased at an average price of $27.50 per share with a total value of $82,500.00. Following completion of the purchase, the director now directly owns 23,051 shares in the company, valued at $633,902.50. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. 11.79% of the stock is owned by insiders.

Phool Foods Company Profile

(get rating)

Flowers Foods, Inc. produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes and tortillas as well as frozen breads and rolls under the Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshly’s, and Tastycakes brand names.

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Want to see which other hedge funds are holding FLO? Flowers Foods, Inc. (NYSE:FLO – Get Rating) Visit HoldingsChannel.com to get the latest 13F filings and insider trades.

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

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