Here is What Hedge Funds Think About Flowers Foods, Inc. (FLO)

Page 1 of 2

Is Flowers Foods, Inc. (NYSE:FLO) worth your attention right now? The best stock pickers are becoming more confident. The number of long hedge fund positions inched up by 3 lately.

In the 21st century investor’s toolkit, there are plenty of metrics investors can use to track Mr. Market. A pair of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can outclass the S&P 500 by a healthy amount (see just how much).

Just as beneficial, bullish insider trading sentiment is another way to break down the world of equities. Just as you’d expect, there are many motivations for an insider to downsize shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the impressive potential of this strategy if shareholders know where to look (learn more here).

Keeping this in mind, it’s important to take a look at the latest action regarding Flowers Foods, Inc. (NYSE:FLO).

What have hedge funds been doing with Flowers Foods, Inc. (NYSE:FLO)?

At the end of the first quarter, a total of 17 of the hedge funds we track were bullish in this stock, a change of 21% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their holdings significantly.

Flowers Foods options in play as shares flourish on Hostess Brands bankruptcyWhen looking at the hedgies we track, Ken Griffin’s Citadel Investment Group had the biggest position in Flowers Foods, Inc. (NYSE:FLO), worth close to $89.6 million, accounting for 0.1% of its total 13F portfolio. The second largest stake is held by John Lykouretzos of Hoplite Capital Management, with a $84.9 million position; 2.7% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Larry Foley and Paul Farrell’s Bronson Point Partners and Donald Chiboucis’s Columbus Circle Investors.

Consequently, specific money managers were leading the bulls’ herd. Columbus Circle Investors, managed by Donald Chiboucis, established the biggest position in Flowers Foods, Inc. (NYSE:FLO). Columbus Circle Investors had 41.5 million invested in the company at the end of the quarter. John Lykouretzos’s Hoplite Capital Management also initiated a $16.5 million position during the quarter. The other funds with brand new FLO positions are D. E. Shaw’s D E Shaw, D. E. Shaw’s D E Shaw, and David Costen Haley’s HBK Investments.

What have insiders been doing with Flowers Foods, Inc. (NYSE:FLO)?

Insider buying is best served when the company we’re looking at has seen transactions within the past half-year. Over the last half-year time period, Flowers Foods, Inc. (NYSE:FLO) has seen zero unique insiders buying, and 4 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity 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 are in the processed & packaged goods industry and their market caps are closest to FLO’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!