Flowers Foods, Inc. (FLO): Insiders Aren’t Crazy About It But Hedge Funds Love It

Page 1 of 2

Should Flowers Foods, Inc. (NYSE:FLO) investors track the following data?

If you were to ask many investors, hedge funds are viewed as useless, old investment tools of a period lost to current times. Although there are more than 8,000 hedge funds trading in present day, this site aim at the crème de la crème of this club, about 525 funds. It is widely held that this group oversees most of all hedge funds’ total assets, and by watching their highest quality stock picks, we’ve unearthed a few investment strategies that have historically beaten the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we‘ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Equally as crucial, optimistic insider trading activity is another way to analyze the world of equities. Obviously, there are a number of reasons for a corporate insider to get rid of shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this tactic if investors know what to do (learn more here).

Thus, let’s analyze the recent info about Flowers Foods, Inc. (NYSE:FLO).

Flowers Foods, Inc. (NYSE:FLO)

How are hedge funds trading Flowers Foods, Inc. (NYSE:FLO)?

Heading into Q3, a total of 25 of the hedge funds we track were long in this stock, a change of 47% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their holdings considerably.

Out of the hedge funds we follow, John Lykouretzos’s Hoplite Capital Management had the biggest position in Flowers Foods, Inc. (NYSE:FLO), worth close to $85.9 million, comprising 3% of its total 13F portfolio. On Hoplite Capital Management’s heels is Ken Griffin of Citadel Investment Group, with a $82.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Jim Simons’s Renaissance Technologies, Donald Chiboucis’s Columbus Circle Investors and Steven Cohen’s SAC Capital Advisors.

Now, certain bigger names have been driving this bullishness. Hoplite Capital Management, managed by John Lykouretzos, initiated the biggest position in Flowers Foods, Inc. (NYSE:FLO). Hoplite Capital Management had 85.9 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $82.4 million position during the quarter. The following funds were also among the new FLO investors: Jim Simons’s Renaissance Technologies, Donald Chiboucis’s Columbus Circle Investors, and Steven Cohen’s SAC Capital Advisors.

How are insiders trading Flowers Foods, Inc. (NYSE:FLO)?

Insider buying is at its handiest when the company in question has experienced transactions within the past 180 days. Over the latest 180-day time frame, Flowers Foods, Inc. (NYSE:FLO) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Flowers Foods, Inc. (NYSE:FLO). These stocks are Gruma S.A.B. de C.V. (ADR) (NYSE:GMK), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Ingredion Inc (NYSE:INGR), Ralcorp Holdings, Inc. (NYSE:RAH), and Hillshire Brands Co (NYSE:HSH). This group of stocks belong to the processed & packaged goods industry and their market caps are similar to FLO’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!