The world of investments can be an enigmatic and highly complex one, with financial institutions providing investors with a broad range of choices to invest in. One such example is UBS Group AG that recently announced it raised its stake in Flowers Foods, Inc. (NYSE:FLO) by 185.6% in the final quarter of 2020 according to their filing with the Securities & Exchange Commission (SEC).
Flowers Foods, Inc. is a renowned company that produces bakery products for retail and food service customers within the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. Interestingly enough, the company was founded by William Howard Flowers, Sr.
After acquiring an additional 79,641 shares during the period; the fund owned 122,543 shares of the company’s stock worth $3,522,000 as of its most recent filing with the SEC. FLO opened at $24.99 on Thursday with a market cap of $5.29 billion and has a debt-to-equity ratio of 0.73.
