Diamond Hill Capital Management Inc. Sells 29,957 Shares of Flowers Foods, Inc. (FLO)

Diamond Hill Capital Management Inc. cut its stake in Flowers Foods, Inc. (NYSE:FLO) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,800,407 shares of the company’s stock after selling 29,957 shares during the period. Diamond Hill Capital Management Inc. owned about 1.82% of Flowers Foods worth $71,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Flowers Foods by 13,803.5% in the 1st quarter. BlackRock Inc. now owns 14,447,449 shares of the company’s stock worth $280,425,000 after buying an additional 14,343,537 shares in the last quarter. State Street Corp increased its holdings in Flowers Foods by 1.1% during the 2nd quarter. State Street Corp now owns 4,781,357 shares of the company’s stock valued at $82,762,000 after purchasing an additional 53,592 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Flowers Foods by 5.7% during the 2nd 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 in the last quarter. Hamlin Capital Management LLC increased its holdings in Flowers Foods by 1.1% during the 2nd 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 in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in Flowers Foods by 0.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,160,859 shares of the company’s stock valued at $37,404,000 after purchasing an additional 12,272 shares in the last quarter. 64.66% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Diamond Hill Capital Management Inc. Sells 29,957 Shares of Flowers Foods, Inc. (FLO)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/23/diamond-hill-capital-management-inc-sells-29957-shares-of-flowers-foods-inc-flo.html.

A number of equities research analysts recently weighed in on FLO shares. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, August 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods currently has an average rating of “Buy” and an average target price of $19.67.

Shares of Flowers Foods, Inc. (FLO) opened at 18.68 on Monday. Flowers Foods, Inc. has a 1-year low of $15.05 and a 1-year high of $21.00. The stock has a 50 day moving average price of $18.40 and a 200 day moving average price of $18.32. The firm has a market capitalization of $3.91 billion, a PE ratio of 24.61 and a beta of 1.01.

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

In related news, EVP Marta Jones Turner sold 37,062 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the sale, the executive vice president now directly owns 266,444 shares in the company, valued at $4,772,012.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Karyl H. Lauder sold 28,173 shares of the stock in a transac

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Flowers Foods by 13,803.5% in the 1st quarter. BlackRock Inc. now owns 14,447,449 shares of the company’s stock worth $280,425,000 after buying an additional 14,343,537 shares in the last quarter. State Street Corp increased its holdings in Flowers Foods by 1.1% during the 2nd quarter. State Street Corp now owns 4,781,357 shares of the company’s stock valued at $82,762,000 after purchasing an additional 53,592 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Flowers Foods by 5.7% during the 2nd 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 in the last quarter. Hamlin Capital Management LLC increased its holdings in Flowers Foods by 1.1% during the 2nd 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 in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in Flowers Foods by 0.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,160,859 shares of the company’s stock valued at $37,404,000 after purchasing an additional 12,272 shares in the last quarter. 64.66% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Diamond Hill Capital Management Inc. Sells 29,957 Shares of Flowers Foods, Inc. (FLO)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/23/diamond-hill-capital-management-inc-sells-29957-shares-of-flowers-foods-inc-flo.html.

A number of equities research analysts recently weighed in on FLO shares. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, August 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods currently has an average rating of “Buy” and an average target price of $19.67.

Shares of Flowers Foods, Inc. (FLO) opened at 18.68 on Monday. Flowers Foods, Inc. has a 1-year low of $15.05 and a 1-year high of $21.00. The stock has a 50 day moving average price of $18.40 and a 200 day moving average price of $18.32. The firm has a market capitalization of $3.91 billion, a PE ratio of 24.61 and a beta of 1.01.

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

In related news, EVP Marta Jones Turner sold 37,062 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the sale, the executive vice president now directly owns 266,444 shares in the company, valued at $4,772,012.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Karyl H. Lauder sold 28,173 shares of the stock in a transaction on Tuesday, October 3rd. The shares were 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 valued at $1,818,921 over the last 90 days. 15.81% of the stock is currently owned by company insiders.

Flowers Foods Profile

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.

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

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