Coston McIsaac & Partners Has $26,000 Stock Position in Flowers Foods, Inc. $FLO

Coston McIsaac & Partners reduced its stake in Flowers Foods, Inc. (NYSE:FLO) by 98.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,105 shares of the company’s stock after selling 158,910 shares during the quarter. Coston McIsaac & Partners’ holdings in Flowers Foods were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in shares of Flowers Foods during the second quarter worth approximately $28,000. Quent Capital LLC bought a new position in Flowers Foods during the 3rd quarter worth $30,000. Private Trust Co. NA lifted its holdings in shares of Flowers Foods by 103.8% during the second quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock worth $31,000 after buying an additional 984 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Flowers Foods by 860.2% during the second quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock worth $32,000 after buying an additional 1,772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Flowers Foods by 271.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,737 shares of the company’s stock valued at $36,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $11.88 on Friday. The firm has a 50 day moving average of $10.92 and a 200-day moving average of $12.71. Flowers Foods, Inc. has a 12 month low of $9.93 and a 12 month high of $20.25. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $2.51 billion, a PE ratio of 12.91 and a beta of 0.33.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Flowers Foods had a net margin of 3.78% and a return on equity of 16.35%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.2475 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.99 annualized dividend and a dividend yield of 8.3%. Flowers Foods’s dividend payout ratio (DPR) is presently 107.61%.

Analysts Set New Price Targets

FLO has been the topic of a number of recent research reports. Zacks Research upgraded shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a report on Thursday, January 22nd. Finally, Truist Financial cut their price target on Flowers Foods from $15.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Flowers Foods currently has a consensus rating of “Reduce” and an average target price of $13.67.

Insider Activity at Flowers Foods

In related news, CEO Ryals Mcmullian sold 209,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $10.87, for a total transaction of $2,271,830.00. Following the completion of the sale, the chief executive officer directly owned 1,022,380 shares in the company, valued at $11,113,270.60. This represents a 16.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.57% of the company’s stock.

Flowers Foods Company Profile

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.