Flowers Foods, Inc. $FLO Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Flowers Foods, Inc. (NYSE:FLO) by 16.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,914 shares of the company’s stock after selling 96,189 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Flowers Foods worth $3,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLO. Van ECK Associates Corp grew its position in Flowers Foods by 11.1% in the second quarter. Van ECK Associates Corp now owns 52,028 shares of the company’s stock worth $411,000 after buying an additional 5,182 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Flowers Foods during the 2nd quarter valued at $430,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Flowers Foods during the 2nd quarter valued at $103,000. Empowered Funds LLC bought a new stake in shares of Flowers Foods during the 2nd quarter worth $212,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of Flowers Foods during the 2nd quarter worth $357,000. 75.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FLO has been the topic of a number of recent analyst reports. Zacks Research raised Flowers Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 27th. Jefferies Financial Group set a $7.00 price target on Flowers Foods in a research note on Monday, August 3rd. Finally, Stephens cut their price objective on Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, August 24th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $7.60.

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $6.21 on Thursday. The company has a market capitalization of $1.32 billion, a P/E ratio of 23.87 and a beta of 0.39. The business’s 50-day moving average price is $7.52 and its two-hundred day moving average price is $8.01. Flowers Foods, Inc. has a one year low of $6.10 and a one year high of $14.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.77 and a quick ratio of 0.57.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business posted $0.28 EPS. Flowers Foods’s revenue was down 4.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Analysts anticipate that Flowers Foods, Inc. will post 0.79 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, September 11th. Flowers Foods’s dividend payout ratio (DPR) is 192.31%.

About Flowers Foods

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.