Institutional Investors Positive on Flowers Foods Inc (NYSE:FLO)

October 2, 2018 - By whatsonthorold

Flowers Foods, Inc. (NYSE:FLO) Logo

Sentiment for Flowers Foods Inc (NYSE:FLO)

Flowers Foods Inc (NYSE:FLO) institutional sentiment increased to 1.02 in 2018 Q2. Its up 0.11, from 0.91 in 2018Q1. The ratio is better, as 126 hedge funds started new or increased stock positions, while 123 trimmed and sold equity positions in Flowers Foods Inc. The hedge funds in our partner’s database now hold: 135.68 million shares, down from 140.96 million shares in 2018Q1. Also, the number of hedge funds holding Flowers Foods Inc in their top 10 stock positions decreased from 5 to 4 for a decrease of 1. Sold All: 30 Reduced: 93 Increased: 88 New Position: 38.

Flowers Foods, Inc. produces and markets bakery products in the United States. The company has market cap of $3.90 billion. It operates through two divisions, Direct-Store-Delivery and Warehouse Delivery. It has a 27.59 P/E ratio. The DSD segment produces and markets fresh bakery foods, including fresh breads, buns, rolls, tortillas, and snack cakes.

The stock decreased 0.80% or $0.15 during the last trading session, reaching $18.51. About 810,333 shares traded. Flowers Foods, Inc. (NYSE:FLO) has risen 14.68% since October 2, 2017 and is uptrending. It has underperformed by 0.94% the S&P500.

Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on November, 14. They expect $0.26 earnings per share, up 13.04 % or $0.03 from last year’s $0.23 per share. FLO’s profit will be $54.82 million for 17.80 P/E if the $0.26 EPS becomes a reality. After $0.25 actual earnings per share reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts 4.00 % EPS growth.

Wellington Shields Capital Management Llc holds 24.55% of its portfolio in Flowers Foods, Inc. for 7.13 million shares. Southeast Asset Advisors Inc. owns 2.14 million shares or 12.86% of their US portfolio. Moreover, Jolley Asset Management Llc has 3.03% invested in the company for 216,982 shares. The New York-based Hamlin Capital Management Llc has invested 2.94% in the stock. Tnb Financial, a Georgia-based fund reported 793,919 shares.

Flowers Foods, Inc. (NYSE:FLO) Ratings Coverage

Ratings analysis reveals 25% of Flowers Foods’s analysts are positive. Out of 4 Wall Street analysts rating Flowers Foods, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $19 while the high is $25. The stock’s average target of $22.67 is 22.47% above today’s ($18.51) share price. FLO was included in 4 notes of analysts from April 3, 2018. The company was downgraded on Monday, July 9 by Vertical Group.

Flowers Foods, Inc. (NYSE:FLO) Institutional Positions Chart

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