Texas Permanent School Fund Has $2.15 Million Position in Flowers Foods, Inc. (FLO)

Texas Permanent School Fund lessened its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,439 shares of the company’s stock after selling 4,296 shares during the period. Texas Permanent School Fund’s holdings in Flowers Foods were worth $2,154,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in shares of Flowers Foods in the 2nd quarter worth $101,000. Signaturefd LLC increased its holdings in shares of Flowers Foods by 380.3% in the 2nd quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock worth $142,000 after purchasing an additional 5,393 shares in the last quarter. MainStreet Investment Advisors LLC bought a new stake in shares of Flowers Foods in the 2nd quarter worth $204,000. Grassi Investment Management bought a new stake in shares of Flowers Foods in the 2nd quarter worth $208,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Flowers Foods in the 2nd quarter worth $217,000. 65.64% of the stock is owned by institutional investors.

Shares of FLO opened at $19.04 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.39 and a quick ratio of 1.11. Flowers Foods, Inc. has a one year low of $17.71 and a one year high of $22.82. The firm has a market capitalization of $3.96 billion, a P/E ratio of 21.39, a PEG ratio of 2.06 and a beta of 0.30.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Flowers Foods had a return on equity of 15.85% and a net margin of 3.58%. The firm had revenue of $941.30 million during the quarter, compared to the consensus estimate of $936.16 million. During the same period in the previous year, the firm earned $0.24 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Flowers Foods, Inc. will post 1.01 EPS for the current fiscal year.

A number of analysts have commented on the company. Consumer Edge lowered Flowers Foods from an “overweight” rating to an “equal weight” rating in a report on Monday, August 6th. Jefferies Financial Group reissued a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a report on Friday, August 10th. Finally, Pivotal Research reissued a “buy” rating and issued a $24.00 target price on shares of Flowers Foods in a report on Thursday, August 9th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.80.

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Flowers Foods Profile

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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

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