Tnb Financial buys $16,907,791 stake in Flowers Foods (FLO)

Flowers Foods (FLO) : Tnb Financial scooped up 175,419 additional shares in Flowers Foods during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 900,788 shares of Flowers Foods which is valued at $16,907,791.Flowers Foods makes up approximately 4.33% of Tnb Financial’s portfolio.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue boosted its stake in FLO in the latest quarter, The investment management firm added 7,271 additional shares and now holds a total of 21,891 shares of Flowers Foods which is valued at $410,894. Flowers Foods makes up approx 0.04% of State Of Alaska Department Of Revenue’s portfolio.Americafirst Capital Management boosted its stake in FLO in the latest quarter, The investment management firm added 1,112 additional shares and now holds a total of 95,432 shares of Flowers Foods which is valued at $1,791,259. Flowers Foods makes up approx 1.24% of Americafirst Capital Management’s portfolio. Eqis Capital Management added FLO to its portfolio by purchasing 24,717 company shares during the most recent quarter which is valued at $464,185. Flowers Foods makes up approx 0.03% of Eqis Capital Management’s portfolio.Marshwinds Advisory Co boosted its stake in FLO in the latest quarter, The investment management firm added 740 additional shares and now holds a total of 75,662 shares of Flowers Foods which is valued at $1,417,149. Flowers Foods makes up approx 0.69% of Marshwinds Advisory Co’s portfolio.

Flowers Foods opened for trading at $18.75 and hit $18.78 on the upside on Wednesday, eventually ending the session at $18.77, with a gain of 0.27% or 0.05 points. The heightened volatility saw the trading volume jump to 10,26,117 shares. Company has a market cap of $3,882 M.

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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