Flowers Foods, Inc. $FLO Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC raised its stake in Flowers Foods, Inc. (NYSE:FLO) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,946 shares of the company’s stock after purchasing an additional 2,201 shares during the quarter. Modern Wealth Management LLC’s holdings in Flowers Foods were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FLO. Moran Wealth Management LLC lifted its holdings in shares of Flowers Foods by 0.3% during the 1st quarter. Moran Wealth Management LLC now owns 191,278 shares of the company’s stock valued at $3,636,000 after acquiring an additional 570 shares in the last quarter. ICW Investment Advisors LLC increased its position in shares of Flowers Foods by 1.0% in the 1st quarter. ICW Investment Advisors LLC now owns 59,492 shares of the company’s stock worth $1,131,000 after purchasing an additional 598 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Flowers Foods by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company’s stock worth $604,000 after acquiring an additional 620 shares during the period. National Bank of Canada FI raised its stake in Flowers Foods by 1.3% during the first quarter. National Bank of Canada FI now owns 60,566 shares of the company’s stock worth $1,151,000 after acquiring an additional 805 shares during the period. Finally, Cetera Investment Advisers raised its stake in Flowers Foods by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 13,433 shares of the company’s stock worth $278,000 after acquiring an additional 1,101 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Price Performance

NYSE FLO opened at $13.76 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $16.85. The company has a market cap of $2.91 billion, a P/E ratio of 13.23 and a beta of 0.29. Flowers Foods, Inc. has a 1 year low of $13.75 and a 1 year high of $23.87.

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

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.2475 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.99 dividend on an annualized basis and a yield of 7.2%. Flowers Foods’s dividend payout ratio is 95.19%.

Insiders Place Their Bets

In other Flowers Foods news, insider Cindy Cox sold 3,600 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the sale, the insider directly owned 16,994 shares of the company’s stock, valued at $254,910. This represents a 17.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Monday, May 19th. DA Davidson restated a “neutral” rating and set a $15.00 target price on shares of Flowers Foods in a report on Monday, August 18th. Finally, Truist Financial reduced their target price on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating for the company in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Flowers Foods presently has a consensus rating of “Hold” and an average 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.