Wellington Management Group LLP Purchases 3,750 Shares of Flowers Foods, Inc. $FLO

Wellington Management Group LLP boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 7.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,401 shares of the company’s stock after purchasing an additional 3,750 shares during the period. Wellington Management Group LLP’s holdings in Flowers Foods were worth $1,053,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in Flowers Foods by 22.0% during the 4th quarter. Northern Trust Corp now owns 1,742,145 shares of the company’s stock valued at $35,993,000 after purchasing an additional 314,670 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Flowers Foods by 163.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 266,153 shares of the company’s stock worth $5,041,000 after acquiring an additional 165,085 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Flowers Foods by 0.4% in the first quarter. Principal Financial Group Inc. now owns 450,199 shares of the company’s stock worth $8,558,000 after acquiring an additional 1,841 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Flowers Foods by 270.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company’s stock worth $141,610,000 after acquiring an additional 5,437,735 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Flowers Foods by 13.2% in the first quarter. Brown Advisory Inc. now owns 173,563 shares of the company’s stock worth $3,299,000 after acquiring an additional 20,266 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Flowers Foods Stock Up 0.9%

Shares of NYSE:FLO opened at $15.05 on Monday. Flowers Foods, Inc. has a one year low of $14.74 and a one year high of $23.87. The company has a 50 day moving average of $15.89 and a 200-day moving average of $17.16. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.26 and a quick ratio of 0.90. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 14.47 and a beta of 0.29.

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

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a dividend of $0.2475 per share. The ex-dividend date is Friday, September 5th. This represents a $0.99 dividend on an annualized basis and a yield of 6.6%. Flowers Foods’s payout ratio is currently 95.19%.

Flowers Foods Company 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.