12,037 Shares in Flowers Foods, Inc. $FLO Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new position in Flowers Foods, Inc. (NYSE:FLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,037 shares of the company’s stock, valued at approximately $192,000.

Several other institutional investors also recently bought and sold shares of the company. ICW Investment Advisors LLC boosted its holdings in Flowers Foods by 1.0% in the 1st quarter. ICW Investment Advisors LLC now owns 59,492 shares of the company’s stock worth $1,131,000 after buying an additional 598 shares during the last quarter. Voya Investment Management LLC lifted its stake in Flowers Foods by 2.3% in the 1st quarter. Voya Investment Management LLC now owns 32,040 shares of the company’s stock worth $609,000 after purchasing an additional 712 shares in the last quarter. Belpointe Asset Management LLC grew its position in shares of Flowers Foods by 7.3% in the second quarter. Belpointe Asset Management LLC now owns 11,245 shares of the company’s stock valued at $180,000 after purchasing an additional 764 shares in the last quarter. National Bank of Canada FI grew its position in shares of Flowers Foods by 1.3% in the first quarter. National Bank of Canada FI now owns 60,566 shares of the company’s stock valued at $1,151,000 after purchasing an additional 805 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Flowers Foods by 103.8% in the second quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock valued at $31,000 after purchasing an additional 984 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flowers Foods

In other news, insider Cindy Cox sold 3,600 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total transaction of $54,000.00. Following the completion of the transaction, the insider directly owned 16,994 shares in the company, valued at $254,910. This trade represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryals Mcmullian sold 350,000 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $12.82, for a total value of $4,487,000.00. Following the transaction, the chief executive officer owned 1,231,380 shares of the company’s stock, valued at approximately $15,786,291.60. This represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 11.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FLO. Weiss Ratings restated a “sell (d+)” rating on shares of Flowers Foods in a research report on Wednesday, October 8th. Truist Financial dropped their price target on Flowers Foods from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, August 18th. Finally, DA Davidson restated a “neutral” rating and issued a $15.00 price target on shares of Flowers Foods in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $15.33.

Flowers Foods Trading Up 1.2%

FLO opened at $12.03 on Wednesday. Flowers Foods, Inc. has a one year low of $11.65 and a one year high of $23.04. The stock has a market capitalization of $2.54 billion, a PE ratio of 11.56 and a beta of 0.27. The business’s 50 day moving average price is $13.26 and its 200 day moving average price is $15.33. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Friday, August 15th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, equities research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Friday, September 5th. Flowers Foods’s dividend payout ratio (DPR) is currently 95.19%.

Flowers Foods Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.