Lapides Asset Management Trimmed Holding in Flowers Foods (FLO) by $1.40 Million as Valuation Declined; United American Securities Boosted Johnson & Johnson Com (JNJ) Position by $406,784

August 12, 2018 - By Billy Entrekin

Flowers Foods, Inc. (NYSE:FLO) Logo

United American Securities Inc increased its stake in Johnson & Johnson Com (JNJ) by 2.7% based on its latest 2018Q1 regulatory filing with the SEC. United American Securities Inc bought 3,178 shares as the company’s stock declined 8.03% with the market. The institutional investor held 120,763 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $15.48M, up from 117,585 at the end of the previous reported quarter. United American Securities Inc who had been investing in Johnson & Johnson Com for a number of months, seems to be bullish on the $350.77B market cap company. The stock decreased 0.34% or $0.45 during the last trading session, reaching $130.75. About 4.32M shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since August 12, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 24/05/2018 – Drug Overview 2018: lnvega Sustenna/lnvega Trinza (Paliperidone Palmitate; Johnson & Johnson) – ResearchAndMarkets.com; 18/05/2018 – Another #Alzheimers drug bites the dust… $JNJ terminates development of its BACE inhibitor atabecestat due to liver tox; 30/05/2018 – $SAN.FR, JNJ, MRK: Trump: In two weeks, big drug companies are going to announce a “voluntary, massive” drop in prices – ! $SAN.FR $JNJ $MRK; 29/05/2018 – Johnson & Johnson to Participate in the Goldman Sachs 39th Annual Global Healthcare Conference; 16/04/2018 – JANSSEN – UNDER AGREEMENT, CO, BRISTOL-MYERS SQUIBB TO ADVANCE BMS-986177 INTO PHASE 2 CLINICAL TRIALS; 06/03/2018 – Boehringer Ingelheim and Lilly Expand Heart Failure Program for Jardiance With New Exercise Capacity Trials; 20/03/2018 – J&J – DOMINIC J. CARUSO TO RETIRE AS CHIEF FINANCIAL OFFICER; 17/04/2018 – J&J 1Q ADJ EPS $2.06, EST. $2.00; 15/03/2018 – J&J’s blockbuster hopeful erdafitinib gets ‘breakthrough’ moniker $JNJ @BrittanyMeiling; 18/05/2018 – Johnson & Johnson scraps Alzheimer’s trials on safety concerns

Lapides Asset Management Llc decreased its stake in Flowers Foods Inc (FLO) by 44.27% based on its latest 2018Q1 regulatory filing with the SEC. Lapides Asset Management Llc sold 66,800 shares as the company’s stock declined 5.61% with the market. The institutional investor held 84,100 shares of the consumer non-durables company at the end of 2018Q1, valued at $1.84 million, down from 150,900 at the end of the previous reported quarter. Lapides Asset Management Llc who had been investing in Flowers Foods Inc for a number of months, seems to be less bullish one the $4.08 billion market cap company. The stock decreased 0.51% or $0.1 during the last trading session, reaching $19.36. About 2.10M shares traded or 37.81% up from the average. Flowers Foods, Inc. (NYSE:FLO) has risen 8.27% since August 12, 2017 and is uptrending. It has underperformed by 4.30% the S&P500. Some Historical FLO News: 16/05/2018 – FLOWERS FOODS INC FLO.N FY2018 SHR VIEW $1.10, REV VIEW $3.96 BLN — THOMSON REUTERS l/B/E/S; 16/05/2018 – FLOWERS FOODS 1Q EPS 24C; 22/04/2018 – DJ Flowers Foods Inc, Inst Holders, 1Q 2018 (FLO); 30/04/2018 – MOODY’S AFFIRMS FLOWERS’ Baa2 RATING; OUTLOOK REMAINS STABLE; 16/05/2018 – FLOWERS FOODS 1Q ADJ EPS 30C, EST. 31C; 11/05/2018 – FLOWERS FOODS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Flowers Foods, Inc. – FLO; 06/03/2018 Flowers Foods at Company Marketing Hosted By Stephens Inc Today; 11/03/2018 – Flowers Foods Access Event Set By Stephens Inc. for Mar. 19-20; 24/05/2018 – Flowers Foods Raises Dividend to 18c; 23/04/2018 – Nature’s Own Introduces Nature’s Own® Perfectly Crafted™ Artisan-inspired, Thick-sliced Bakery Bread

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Johnson & Johnson Looks Too Cheap” on July 17, 2018, also Benzinga.com with their article: “Earnings Preview: Healthcare Giant Johnson & Johnson Set To Report Tuesday Morning” published on July 16, 2018, Seekingalpha.com published: “Johnson & Johnson: Headline Risk But Business Solid” on August 07, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson – Aristocrat Looks Appealing” published on July 22, 2018 as well as Seekingalpha.com‘s news article titled: “J&J: Lawsuits And Dividend Safety” with publication date: July 27, 2018.

United American Securities Inc, which manages about $201.06M and $204.69 million US Long portfolio, decreased its stake in Mastercard Inc Cl A Com (NYSE:MA) by 2,260 shares to 50,975 shares, valued at $8.93M in 2018Q1, according to the filing. It also reduced its holding in Fedex Corp Com (NYSE:FDX) by 19,660 shares in the quarter, leaving it with 18,755 shares, and cut its stake in Pepsico Inc Com (NYSE:PEP).

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $20.17 million activity.

Investors sentiment increased to 0.93 in 2018 Q1. Its up 0.06, from 0.87 in 2017Q4. It improved, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. Dock Street Asset Management holds 0.09% or 1,866 shares in its portfolio. Inv Svcs Of America reported 11,616 shares. Ckw Fin holds 0.02% or 773 shares in its portfolio. Summit Asset Mngmt Lc holds 0.84% or 13,687 shares. 11,783 were reported by Evermay Wealth Mgmt Limited Company. Garrison holds 2.18% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 30,470 shares. Price T Rowe Assocs Md owns 20.71 million shares or 0.42% of their US portfolio. Ubs Asset Management Americas Inc holds 0% or 11.74M shares. Port Solutions Lc holds 2,225 shares or 0.04% of its portfolio. Supplemental Annuity Collective Tru Of Nj invested in 1.79% or 31,934 shares. Campbell Newman Asset Mngmt Inc owns 33,770 shares. 132,492 are held by Blb&B Advsr Limited Liability Com. Covington Capital Mgmt, a California-based fund reported 210,494 shares. Barrett Asset Mgmt Ltd Co, New York-based fund reported 279,941 shares. Texas-based Usca Ria Ltd Llc has invested 0.9% in Johnson & Johnson (NYSE:JNJ).

Among 24 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 4 Sell and 9 Hold. Therefore 46% are positive. Johnson & Johnson had 104 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Monday, July 10 with “Buy”. Atlantic Securities initiated it with “Neutral” rating and $95 target in Friday, December 18 report. As per Wednesday, September 20, the company rating was downgraded by Goldman Sachs. The stock of Johnson & Johnson (NYSE:JNJ) earned “Outperform” rating by Cowen & Co on Tuesday, August 25. Wells Fargo maintained the stock with “Buy” rating in Wednesday, April 18 report. The company was maintained on Monday, October 2 by Piper Jaffray. Piper Jaffray reinitiated the shares of JNJ in report on Monday, October 5 with “Neutral” rating. RBC Capital Markets maintained the shares of JNJ in report on Wednesday, January 25 with “Outperform” rating. Jefferies maintained the stock with “Hold” rating in Thursday, July 14 report. The company was maintained on Friday, April 20 by Credit Suisse.

Since March 27, 2018, it had 0 buys, and 1 insider sale for $221,680 activity.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.29, from 1.2 in 2017Q4. It is negative, as 36 investors sold FLO shares while 99 reduced holdings. 45 funds opened positions while 78 raised stakes. 140.96 million shares or 9.91% more from 128.25 million shares in 2017Q4 were reported. First Tru Advsr LP accumulated 366,531 shares. Bahl & Gaynor Inc stated it has 0.03% of its portfolio in Flowers Foods, Inc. (NYSE:FLO). State Treasurer State Of Michigan holds 0.01% or 67,550 shares. First Personal Fin Serv reported 2,600 shares. 78,272 were accumulated by Atlantic Group Inc Ltd Liability. Jefferies Group Inc Ltd invested in 0% or 22,998 shares. Great West Life Assurance Co Can reported 114,029 shares stake. Neuberger Berman Gru Ltd Llc invested 0.03% in Flowers Foods, Inc. (NYSE:FLO). 935,699 were reported by Goldman Sachs Grp. 789,545 are owned by Federated Investors Inc Pa. Lord Abbett And Limited Liability, a New Jersey-based fund reported 260,900 shares. The Ohio-based Employees Retirement Of Ohio has invested 0.01% in Flowers Foods, Inc. (NYSE:FLO). Diamond Hill Cap Mngmt Incorporated holds 0.41% or 3.64 million shares. Arcadia Inv Corp Mi owns 48,568 shares or 0.3% of their US portfolio. Hussman Strategic holds 150,000 shares or 0.91% of its portfolio.

Lapides Asset Management Llc, which manages about $912.08M and $455.80 million US Long portfolio, upped its stake in Ncr Corp (NYSE:NCR) by 79,700 shares to 285,180 shares, valued at $8.99 million in 2018Q1, according to the filing. It also increased its holding in Nielsen Holdings Plc Eur by 167,900 shares in the quarter, for a total of 214,600 shares, and has risen its stake in Fmc Corp (NYSE:FMC).

Flowers Foods, Inc. (NYSE:FLO) Institutional Positions Chart

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