Deutsche Bank AG Makes New $1.67 Million Investment in Flowers Foods, Inc. $FLO

Deutsche Bank AG acquired a new stake in Flowers Foods, Inc. (NYSE:FLOFree Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 210,838 shares of the company’s stock, valued at approximately $1,666,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its position in Flowers Foods by 225.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock valued at $31,000 after acquiring an additional 1,663 shares during the period. Geneos Wealth Management Inc. lifted its position in Flowers Foods by 64.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after acquiring an additional 1,001 shares during the period. IFP Advisors Inc lifted its position in Flowers Foods by 140.7% during the 4th quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock worth $33,000 after acquiring an additional 1,768 shares during the period. Fifth Third Bancorp grew its stake in shares of Flowers Foods by 151.2% in the 4th quarter. Fifth Third Bancorp now owns 3,050 shares of the company’s stock valued at $33,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Flowers Foods by 176.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock valued at $33,000 after purchasing an additional 1,958 shares during the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Flowers Foods

In related news, CFO Diego Anthony Scaglione acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average price of $7.51 per share, with a total value of $37,550.00. Following the completion of the acquisition, the chief financial officer owned 194,180 shares in the company, valued at approximately $1,458,291.80. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.23% of the stock is owned by company insiders.

Flowers Foods Trading Up 1.9%

Shares of FLO stock opened at $7.11 on Friday. The business’s fifty day moving average price is $7.73 and its 200 day moving average price is $8.27. The firm has a market capitalization of $1.51 billion, a PE ratio of 27.35 and a beta of 0.40. 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, Inc. has a 1-year low of $6.80 and a 1-year high of $15.14.

Flowers Foods (NYSE:FLOGet Free Report) last released its earnings results on Thursday, August 20th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. Flowers Foods’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, sell-side analysts forecast that Flowers Foods, Inc. will post 0.79 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.125 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.50 annualized dividend and a dividend yield of 7.0%. Flowers Foods’s dividend payout ratio (DPR) is 192.31%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FLO. Stephens cut their price target on Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday. Weiss Ratings lowered shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Zacks Research upgraded shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group set a $7.00 price objective on shares of Flowers Foods in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Flowers Foods currently has an average rating of “Reduce” and an average price target of $7.60.

Get Our Latest Report on Flowers Foods

Flowers Foods Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Flowers Foods (NYSE:FLO)

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