Tnb Financial buys $13,375,804 stake in Flowers Foods (FLO)

Flowers Foods (FLO) : Tnb Financial scooped up 266,968 additional shares in Flowers Foods during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 725,369 shares of Flowers Foods which is valued at $13,375,804.Flowers Foods makes up approximately 3.99% of Tnb Financial’s portfolio.

Flowers Foods opened for trading at $18.39 and hit $18.79 on the upside on Monday, eventually ending the session at $18.73, with a gain of 1.57% or 0.29 points. The heightened volatility saw the trading volume jump to 17,18,607 shares. Company has a market cap of $3,976 M.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in FLO during the most recent quarter. The investment firm sold 141,713 shares of FLO which is valued $2,613,188.Bath Savings Trust Co boosted its stake in FLO in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 47,289 shares of Flowers Foods which is valued at $872,009. Flowers Foods makes up approx 0.28% of Bath Savings Trust Co’s portfolio.Creative Planning reduced its stake in FLO by selling 100 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 9,022 shares of FLO which is valued at $167,178. Waverton Investment Management Ltd sold out all of its stake in FLO during the most recent quarter. The investment firm sold 238,650 shares of FLO which is valued $4,422,185.Hollencrest Securities boosted its stake in FLO in the latest quarter, The investment management firm added 2,736 additional shares and now holds a total of 18,543 shares of Flowers Foods which is valued at $343,602. Flowers Foods makes up approx 0.06% of Hollencrest Securities’s portfolio.

On the company’s financial health, Flowers Foods reported $0.23 EPS for the quarter, based on the information available during the earnings call on Nov 11, 2015. Analyst had a consensus estimate of $0.23. The company had revenue of $885.30 million for the quarter, compared to analysts expectations of $873.92 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Flowers Foods. BB&T Capital Mkts Upgraded Flowers Foods on Feb 16, 2016 to ” Buy”, Price Target of the shares are set at $19.Flowers Foods was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Feb 11, 2016.

Flowers Foods Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods including breads buns rolls tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls and snack products. It operates eight bakeries that produce snack cakes breads and rolls for national retail foodservice vending and co-pack customers which are delivered through customers’ warehouse channels and one bakery mix plant. The company operates 46 bakeries of which 44 are owned and two are leased and one mix plant.

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