Wellington Shields Lowers stake in Flowers Foods (FLO)

Flowers Foods (FLO) : Wellington Shields reduced its stake in Flowers Foods by 1.25% during the most recent quarter end. The investment management company now holds a total of 140,797 shares of Flowers Foods which is valued at $2.6 Million after selling 1,788 shares in Flowers Foods , the firm said in a disclosure report filed with the SEC on May 26, 2016.Flowers Foods makes up approximately 1.73% of Wellington Shields’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in FLO in the latest quarter, The investment management firm added 5,846 additional shares and now holds a total of 358,837 shares of Flowers Foods which is valued at $6.7 Million. Flowers Foods makes up approx 0.01% of Aqr Capital Management’s portfolio.New York Life Trust Co reduced its stake in FLO by selling 321 shares or 10.31% in the most recent quarter. The Hedge Fund company now holds 2,793 shares of FLO which is valued at $52,145. Flowers Foods makes up approx 0.23% of New York Life Trust Co’s portfolio.Riverhead Capital Management reduced its stake in FLO by selling 1,003 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 38,797 shares of FLO which is valued at $753,826. Flowers Foods makes up approx 0.01% of Riverhead Capital Management’s portfolio.Thrivent Financial For Lutherans boosted its stake in FLO in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 1,028,065 shares of Flowers Foods which is valued at $20 Million. Flowers Foods makes up approx 0.10% of Thrivent Financial For Lutherans’s portfolio. Martingale Asset Management L P sold out all of its stake in FLO during the most recent quarter. The investment firm sold 62,030 shares of FLO which is valued $1.2 Million.

Flowers Foods (FLO) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $18.75 and reached the intraday high at $18.86. The bulls started the profit booking and pushed the shares to intraday low of $18.6508. The trading session was marked by a volume range of 23,17,923 shares exchanging hands. The 52-week high of the shares is $27.31 and the 52-week low is $15.64. The market cap of the company stands at $3,878 M and there are 20,68,34,860 shares in public circulation.

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. Flowers Foods was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 26, 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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