Parallel Advisors LLC Sells 3,103 Shares of Flowers Foods, Inc. $FLO

Parallel Advisors LLC lessened its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 18.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 13,960 shares of the company’s stock after selling 3,103 shares during the period. Parallel Advisors LLC’s holdings in Flowers Foods were worth $223,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FLO. Ameriprise Financial Inc. grew its holdings in Flowers Foods by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 217,032 shares of the company’s stock valued at $4,484,000 after purchasing an additional 1,238 shares during the period. Cetera Investment Advisers lifted its position in shares of Flowers Foods by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 13,433 shares of the company’s stock valued at $278,000 after acquiring an additional 1,101 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Flowers Foods by 285.2% in the fourth quarter. Deutsche Bank AG now owns 77,300 shares of the company’s stock valued at $1,597,000 after acquiring an additional 57,232 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Flowers Foods by 65.7% in the fourth quarter. Voloridge Investment Management LLC now owns 462,205 shares of the company’s stock valued at $9,549,000 after acquiring an additional 183,276 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Flowers Foods by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 663,648 shares of the company’s stock valued at $13,711,000 after acquiring an additional 77,640 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Flowers Foods

In related news, insider Cindy Cox sold 3,600 shares of the firm’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 completion of the transaction, the insider owned 16,994 shares in the company, valued at $254,910. This trade represents a 17.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.57% of the stock is owned by company insiders.

Flowers Foods Stock Down 1.6%

Shares of NYSE:FLO opened at $13.09 on Monday. Flowers Foods, Inc. has a 52-week low of $13.09 and a 52-week high of $23.85. The stock has a market cap of $2.76 billion, a P/E ratio of 12.59 and a beta of 0.29. The business’s 50 day moving average is $15.34 and its 200 day moving average is $16.67. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23.

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 the consensus estimate of $0.29 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. Sell-side analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.2475 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.99 dividend on an annualized basis and a yield of 7.6%. Flowers Foods’s dividend payout ratio (DPR) is 95.19%.

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.