Wealth Enhancement Advisory Services LLC Has $5.75 Million Stock Position in Flowers Foods, Inc. $FLO

Wealth Enhancement Advisory Services LLC boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 356,897 shares of the company’s stock after purchasing an additional 14,830 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.17% of Flowers Foods worth $5,746,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FLO. Salem Investment Counselors Inc. boosted its holdings in shares of Flowers Foods by 7.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 234,725 shares of the company’s stock worth $3,751,000 after acquiring an additional 16,805 shares in the last quarter. City Center Advisors LLC bought a new position in Flowers Foods in the 2nd quarter valued at $189,000. Kera Capital Partners Inc. acquired a new position in Flowers Foods in the second quarter worth $223,000. Voya Investment Management LLC grew its holdings in shares of Flowers Foods by 2.3% during the first quarter. Voya Investment Management LLC now owns 32,040 shares of the company’s stock worth $609,000 after purchasing an additional 712 shares during the last quarter. Finally, Modern Wealth Management LLC grew its holdings in shares of Flowers Foods by 10.6% during the first quarter. Modern Wealth Management LLC now owns 22,946 shares of the company’s stock worth $436,000 after purchasing an additional 2,201 shares during the last quarter. 75.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FLO. Truist Financial cut their price target on Flowers Foods from $20.00 to $15.00 and set a “hold” rating for the company in a report on Monday, August 18th. DA Davidson restated a “neutral” rating and issued a $15.00 price objective on shares of Flowers Foods in a research report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.33.

Flowers Foods Price Performance

Shares of FLO stock opened at $13.06 on Thursday. The firm’s 50 day moving average price is $15.20 and its two-hundred day moving average price is $16.58. 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 52-week low of $12.97 and a 52-week high of $23.44. The stock has a market cap of $2.76 billion, a PE ratio of 12.55 and a beta of 0.29.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, beating 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 posted $0.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Friday, September 5th. Flowers Foods’s payout ratio is presently 95.19%.

Insider Activity at Flowers Foods

In other news, insider Cindy Cox sold 3,600 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which is available through this hyperlink. 11.57% of the stock is currently owned by company insiders.

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.