Flowers Foods, Inc. $FLO Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 19.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,577 shares of the company’s stock after selling 14,723 shares during the period. Deutsche Bank AG’s holdings in Flowers Foods were worth $1,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FLO. Charles Schwab Investment Management Inc. raised its holdings in shares of Flowers Foods by 270.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company’s stock worth $141,610,000 after purchasing an additional 5,437,735 shares during the period. Gotham Asset Management LLC raised its holdings in shares of Flowers Foods by 136.4% during the fourth quarter. Gotham Asset Management LLC now owns 813,886 shares of the company’s stock worth $16,815,000 after purchasing an additional 469,652 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Flowers Foods by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,299,631 shares of the company’s stock worth $88,829,000 after purchasing an additional 428,963 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Flowers Foods by 3,837.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 342,067 shares of the company’s stock worth $6,503,000 after purchasing an additional 333,379 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Flowers Foods by 22.0% during the fourth quarter. Northern Trust Corp now owns 1,742,145 shares of the company’s stock worth $35,993,000 after purchasing an additional 314,670 shares during the period. 75.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Flowers Foods

In related news, Director Thomas Caldecot Chubb III bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $16.88 per share, for a total transaction of $50,640.00. Following the transaction, the director directly owned 45,861 shares of the company’s stock, valued at approximately $774,133.68. This represents a 7.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Jameson Mcfadden bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $16.92 per share, with a total value of $50,760.00. Following the transaction, the director directly owned 532,476 shares in the company, valued at $9,009,493.92. This represents a 0.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 12,000 shares of company stock worth $202,440 in the last 90 days. Corporate insiders own 11.57% of the company’s stock.

Flowers Foods Stock Performance

Shares of FLO opened at $15.8350 on Friday. The firm has a 50-day moving average price of $15.98 and a 200 day moving average price of $17.30. The firm has a market capitalization of $3.34 billion, a PE ratio of 15.23 and a beta of 0.32. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.23. Flowers Foods, Inc. has a 52-week low of $15.27 and a 52-week high of $23.87.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, August 15th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.27 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. Flowers Foods’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. On average, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 6.3%. Flowers Foods’s dividend payout ratio is presently 95.19%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson reissued a “neutral” rating and set a $15.00 target price on shares of Flowers Foods in a report on Monday, August 18th. Wall Street Zen cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Monday, May 19th. Jefferies Financial Group dropped their price objective on shares of Flowers Foods from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, May 16th. Finally, Truist Financial dropped their price objective on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.

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.