Barclays PLC trimmed its place in Flowers Meals, Inc. (NYSE:FLO – Get Ranking) by 12.9% in the course of the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The institutional investor owned 105,692 shares of the corporate’s inventory after promoting 15,708 shares in the course of the interval. Barclays PLC’s holdings in Flowers Meals had been value $2,609,000 on the finish of the newest reporting interval.
Quite a few different institutional traders and hedge funds additionally lately added to or diminished their stakes in FLO. New Millennium Group LLC bought a brand new place in Flowers Meals within the 2nd quarter valued at about $29,000. Ellevest Inc. lifted its holdings in shares of Flowers Meals by 350.8% in the course of the third quarter. Ellevest Inc. now owns 1,722 shares of the corporate’s inventory value $43,000 after buying an extra 1,340 shares in the course of the interval. Darkish Forest Capital Administration LP lifted its holdings in shares of Flowers Meals by 28.3% in the course of the 2nd quarter. Darkish Forest Capital Administration LP now owns 1,716 shares of the corporate’s inventory value $45,000 after buying an extra 378 shares in the course of the interval. Larson Monetary Group LLC bought a brand new place in shares of Flowers Meals in the course of the 2nd quarter value about $48,000. Lastly, Wipfli Monetary Advisors LLC bought a brand new place in shares of Flowers Meals in the course of the third quarter value about $81,000. 66.81% of the inventory is presently owned by hedge funds and different institutional traders.
Flowers Meals Inventory Down 0.1 %
FLO opened at $27.66 on Thursday. The agency has a 50 day shifting common worth of $28.50 and a 200 day shifting common worth of $27.64. The corporate has a market cap of $5.84 billion, a PE ratio of 27.12 and a beta of 0.39. Flowers Meals, Inc. has a 1 yr low of $24.15 and a 1 yr excessive of $30.16. The corporate has a debt-to-equity ratio of 0.62, a fast ratio of 1.12 and a present ratio of 1.41.
Flowers Meals (NYSE:FLO – Get Ranking) final posted its earnings outcomes on Thursday, November tenth. The corporate reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The agency had income of $1.16 billion in the course of the quarter, in comparison with the consensus estimate of $1.14 billion. Flowers Meals had a web margin of 4.66% and a return on fairness of 18.53%. Promote-side analysts anticipate that Flowers Meals, Inc. will publish 1.28 earnings per share for the present yr.
Flowers Meals Declares Dividend
The corporate additionally lately disclosed a quarterly dividend, which was paid on Friday, December sixteenth. Shareholders of document on Friday, December 2nd got a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of three.18%. The ex-dividend date of this dividend was Thursday, December 1st. Flowers Meals’s dividend payout ratio (DPR) is 86.28%.
Wall Avenue Analysts Forecast Progress
A number of analysis analysts have lately weighed in on FLO shares. Deutsche Financial institution Aktiengesellschaft lowered shares of Flowers Meals from a “maintain” ranking to a “promote” ranking and reduce their worth goal for the inventory from $28.00 to $27.00 in a report on Tuesday, December sixth. StockNews.com lowered shares of Flowers Meals from a “strong-buy” ranking to a “purchase” ranking in a report on Friday, November twenty fifth.
About Flowers Meals
Flowers Meals, Inc engages within the manufacture and sale of bakery merchandise. The agency presents bakery meals for retail and meals service prospects in the US. Its manufacturers embody Nature’s Personal, Dave’s Killer Bread, Marvel, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The corporate was based by William Howard Flowers, Sr.
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