Flowers Foods, Inc. $FLO Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 20.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,481 shares of the company’s stock after buying an additional 1,780 shares during the period. Belpointe Asset Management LLC’s holdings in Flowers Foods were worth $199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Flowers Foods in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Flowers Foods by 617.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company’s stock worth $32,000 after buying an additional 1,463 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Flowers Foods by 2,191.6% during the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company’s stock worth $41,000 after buying an additional 2,082 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Flowers Foods by 904.8% in the 1st quarter. Allworth Financial LP now owns 2,502 shares of the company’s stock valued at $45,000 after buying an additional 2,253 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Flowers Foods by 63.1% in the 1st quarter. TD Private Client Wealth LLC now owns 3,739 shares of the company’s stock valued at $71,000 after buying an additional 1,446 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Cindy Cox sold 3,600 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total value of $54,000.00. Following the sale, the insider directly owned 16,994 shares in the company, valued at $254,910. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial cut their price target on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, August 18th. DA Davidson reiterated a “neutral” rating and set a $15.00 target price on shares of Flowers Foods in a research report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.33.

Flowers Foods Stock Up 1.7%

Shares of Flowers Foods stock opened at $13.71 on Wednesday. The company has a market cap of $2.90 billion, a P/E ratio of 13.18 and a beta of 0.29. The firm has a fifty day moving average of $15.49 and a two-hundred day moving average of $16.80. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26. Flowers Foods, Inc. has a one year low of $13.43 and a one year high of $23.87.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, August 15th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.85% and a net margin of 4.30%.The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. On average, analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

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

About Flowers Foods

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.