Flowers Foods (NYSE:FLO) Insider Cindy Cox Sells 4,400 Shares of Company Stock

Flowers Foods, Inc. (NYSE:FLO) insider Cindy Cox sold 4,400 shares of Flowers Foods stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $5.89, for a total transaction of $25,916.00. Following the completion of the transaction, the insider directly owned 41,030 shares of the company’s stock, valued at approximately $241,666.70. This represents a 9.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flowers Foods Stock Down 1.2%

FLO stock opened at $5.97 on Wednesday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 6.36 and a beta of 0.43. Flowers Foods, Inc. has a 1-year low of $5.40 and a 1-year high of $13.11. The firm has a fifty day moving average price of $6.46 and a two-hundred day moving average price of $7.48. 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 posted its quarterly earnings results on Thursday, August 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. The company’s quarterly 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. Research analysts predict that Flowers Foods, Inc. will post 0.80 EPS for the current year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.1250 per share. The ex-dividend date was Friday, September 11th. This represents a $0.50 annualized dividend and a yield of 8.4%. Flowers Foods’s dividend payout ratio is 192.31%.

Institutional Investors Weigh In On Flowers Foods

A number of hedge funds have recently made changes to their positions in FLO. BlackRock Inc. bought a new position in Flowers Foods in the 2nd quarter worth approximately $273,587,000. Dimensional Fund Advisors LP boosted its position in Flowers Foods by 14.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,545,153 shares of the company’s stock worth $61,497,000 after acquiring an additional 925,245 shares during the period. Gotham Asset Management LLC boosted its position in Flowers Foods by 859.6% during the 4th quarter. Gotham Asset Management LLC now owns 4,026,582 shares of the company’s stock worth $43,809,000 after acquiring an additional 3,606,962 shares during the period. Bank of America Corp DE acquired a new position in Flowers Foods during the 2nd quarter worth $18,168,000. Finally, Bank of New York Mellon Corp boosted its position in Flowers Foods by 8.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,770,355 shares of the company’s stock worth $14,428,000 after acquiring an additional 138,775 shares during the period. Institutional investors own 75.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Jefferies Financial Group decreased their target price on Flowers Foods from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings raised Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. Stephens dropped their price target on Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, August 24th. Zacks Research downgraded Flowers Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. Finally, BNP Paribas Exane cut their price target on Flowers Foods from $6.50 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, October 7th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.80.

About Flowers Foods

Flowers Foods, Inc (NYSE:FLO) is a U.S. food company that produces and markets packaged bakery products. Its portfolio includes breads, buns, rolls, snack cakes, pastries and other baked goods sold through grocery stores, mass retailers, foodservice providers and other retail channels.

The company’s brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. Flowers Foods distributes its products throughout the United States through a combination of direct-store-delivery and warehouse distribution systems.

Flowers Foods traces its history to 1919, when it began as a bakery business in Thomasville, Georgia.