Entropy Technologies LP Acquires 5,161 Shares of Flowers Foods, Inc. (NYSE:FLO)

Entropy Technologies LP increased its holdings in Flowers Foods, Inc. (NYSE:FLO) by 55.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,516 shares of the company’s stock after buying an additional 5,161 shares during the period. Entropy Technologies LP’s holdings in Flowers Foods were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in Flowers Foods by 90.7% in the fourth quarter. Empowered Funds LLC now owns 135,928 shares of the company’s stock worth $2,808,000 after purchasing an additional 64,650 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in Flowers Foods in the fourth quarter worth $245,000. Choreo LLC grew its holdings in Flowers Foods by 120.5% in the fourth quarter. Choreo LLC now owns 25,026 shares of the company’s stock worth $514,000 after purchasing an additional 13,678 shares during the last quarter. KBC Group NV grew its holdings in Flowers Foods by 2,156.0% in the fourth quarter. KBC Group NV now owns 136,354 shares of the company’s stock worth $2,817,000 after purchasing an additional 130,310 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Flowers Foods by 69.8% in the fourth quarter. Blue Trust Inc. now owns 3,428 shares of the company’s stock worth $71,000 after purchasing an additional 1,409 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of FLO opened at $18.79 on Friday. The firm has a market capitalization of $3.96 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 3.74 and a beta of 0.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. Flowers Foods, Inc. has a 1-year low of $18.34 and a 1-year high of $26.12. The company’s fifty day moving average price is $20.12 and its 200-day moving average price is $21.79.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts predict that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FLO shares. Truist Financial cut their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday. StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Finally, DA Davidson cut their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.00.

Flowers Foods Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.