TIAA CREF Investment Management LLC Trims Position in Flowers Foods, Inc. (FLO)

TIAA CREF Investment Management LLC lessened its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 434,979 shares of the company’s stock after selling 16,070 shares during the quarter. TIAA CREF Investment Management LLC owned 0.21% of Flowers Foods worth $7,529,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Flowers Foods by 13,803.5% during the first quarter. BlackRock Inc. now owns 14,447,449 shares of the company’s stock valued at $280,425,000 after purchasing an additional 14,343,537 shares during the period. Champlain Investment Partners LLC grew its holdings in Flowers Foods by 7.9% during the first quarter. Champlain Investment Partners LLC now owns 5,441,170 shares of the company’s stock valued at $105,613,000 after purchasing an additional 400,290 shares during the period. State Street Corp grew its holdings in Flowers Foods by 2.8% during the first quarter. State Street Corp now owns 4,727,765 shares of the company’s stock valued at $91,768,000 after purchasing an additional 130,642 shares during the period. Bank of New York Mellon Corp grew its holdings in Flowers Foods by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 4,216,755 shares of the company’s stock valued at $72,992,000 after purchasing an additional 226,529 shares during the period. Finally, Hamlin Capital Management LLC grew its holdings in Flowers Foods by 1.1% during the second quarter. Hamlin Capital Management LLC now owns 3,335,390 shares of the company’s stock valued at $57,736,000 after purchasing an additional 35,031 shares during the period. Institutional investors own 64.66% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub lowered Flowers Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BMO Capital Markets reissued a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Finally, Jefferies Group LLC lowered Flowers Foods from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $19.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.67.

In related news, Chairman Amos R. Mcmullian bought 20,000 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $358,200.00. Following the completion of the purchase, the chairman now directly owns 3,643,717 shares of the company’s stock, valued at $65,258,971.47. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Karyl H. Lauder sold 28,173 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total value of $523,736.07. The disclosure for this sale can be found here. Insiders sold 98,735 shares of company stock worth $1,818,921 in the last 90 days. Company insiders own 15.81% of the company’s stock.

TRADEMARK VIOLATION WARNING: “TIAA CREF Investment Management LLC Trims Position in Flowers Foods, Inc. (FLO)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/11/tiaa-cref-investment-management-llc-trims-position-in-flowers-foods-inc-flo.html.

Shares of Flowers Foods, Inc. (FLO) opened at 18.80 on Wednesday. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 24.77 and a beta of 1.01. Flowers Foods, Inc. has a 12-month low of $14.84 and a 12-month high of $21.00. The firm’s 50-day moving average price is $18.14 and its 200 day moving average price is $18.34.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The firm had revenue of $926.64 million for the quarter, compared to the consensus estimate of $931.26 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Flowers Foods, Inc. will post $0.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.17 dividend. The ex-dividend date was Wednesday, August 30th. Th

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Flowers Foods by 13,803.5% during the first quarter. BlackRock Inc. now owns 14,447,449 shares of the company’s stock valued at $280,425,000 after purchasing an additional 14,343,537 shares during the period. Champlain Investment Partners LLC grew its holdings in Flowers Foods by 7.9% during the first quarter. Champlain Investment Partners LLC now owns 5,441,170 shares of the company’s stock valued at $105,613,000 after purchasing an additional 400,290 shares during the period. State Street Corp grew its holdings in Flowers Foods by 2.8% during the first quarter. State Street Corp now owns 4,727,765 shares of the company’s stock valued at $91,768,000 after purchasing an additional 130,642 shares during the period. Bank of New York Mellon Corp grew its holdings in Flowers Foods by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 4,216,755 shares of the company’s stock valued at $72,992,000 after purchasing an additional 226,529 shares during the period. Finally, Hamlin Capital Management LLC grew its holdings in Flowers Foods by 1.1% during the second quarter. Hamlin Capital Management LLC now owns 3,335,390 shares of the company’s stock valued at $57,736,000 after purchasing an additional 35,031 shares during the period. Institutional investors own 64.66% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub lowered Flowers Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BMO Capital Markets reissued a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Finally, Jefferies Group LLC lowered Flowers Foods from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $19.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.67.

In related news, Chairman Amos R. Mcmullian bought 20,000 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $358,200.00. Following the completion of the purchase, the chairman now directly owns 3,643,717 shares of the company’s stock, valued at $65,258,971.47. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Karyl H. Lauder sold 28,173 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total value of $523,736.07. The disclosure for this sale can be found here. Insiders sold 98,735 shares of company stock worth $1,818,921 in the last 90 days. Company insiders own 15.81% of the company’s stock.

TRADEMARK VIOLATION WARNING: “TIAA CREF Investment Management LLC Trims Position in Flowers Foods, Inc. (FLO)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/11/tiaa-cref-investment-management-llc-trims-position-in-flowers-foods-inc-flo.html.

Shares of Flowers Foods, Inc. (FLO) opened at 18.80 on Wednesday. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 24.77 and a beta of 1.01. Flowers Foods, Inc. has a 12-month low of $14.84 and a 12-month high of $21.00. The firm’s 50-day moving average price is $18.14 and its 200 day moving average price is $18.34.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The firm had revenue of $926.64 million for the quarter, compared to the consensus estimate of $931.26 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Flowers Foods, Inc. will post $0.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.17 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.62%. Flowers Foods’s payout ratio is 90.67%.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

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

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