Wellington Shields Lowers stake in Flowers Foods (FLO)

Flowers Foods (FLO) : Wellington Shields reduced its stake in Flowers Foods by 0.69% during the most recent quarter end. The investment management company now holds a total of 139,822 shares of Flowers Foods which is valued at $2,076,357 after selling 975 shares in Flowers Foods , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Flowers Foods makes up approximately 1.21% of Wellington Shields’s portfolio.

Other Hedge Funds, Including , Steinberg Global Asset Management added FLO to its portfolio by purchasing 209,559 company shares during the most recent quarter which is valued at $3,111,951. Flowers Foods makes up approx 0.43% of Steinberg Global Asset Management’s portfolio.Loomis Sayles Co L P reduced its stake in FLO by selling 19 shares or 5.9% in the most recent quarter. The Hedge Fund company now holds 303 shares of FLO which is valued at $4,500.Profund Advisors reduced its stake in FLO by selling 184 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 21,880 shares of FLO which is valued at $324,918. Flowers Foods makes up approx 0.02% of Profund Advisors’s portfolio.Crawford Investment Counsel Inc boosted its stake in FLO in the latest quarter, The investment management firm added 413,280 additional shares and now holds a total of 465,709 shares of Flowers Foods which is valued at $6,915,779. Flowers Foods makes up approx 0.27% of Crawford Investment Counsel Inc’s portfolio.California Public Employees Retirement System reduced its stake in FLO by selling 12,000 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 630,869 shares of FLO which is valued at $11,197,925. Flowers Foods makes up approx 0.02% of California Public Employees Retirement System’s portfolio.

Flowers Foods closed down -0.18 points or -1.21% at $14.73 with 30,88,430 shares getting traded on Thursday. Post opening the session at $14.76, the shares hit an intraday low of $14.505 and an intraday high of $14.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Flowers Foods reported $0.26 EPS for the quarter, based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus estimate of $0.26. The company had revenue of $935.00 million for the quarter, compared to analysts expectations of $946.44 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Flowers Foods. Shares were Reiterated by Pivotal Research Group on Aug 10, 2016 to “Sell” and Lowered the Price Target to $ 4 from a previous price target of $8 .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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