Flowers Foods, Inc. $FLO Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 479.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,681 shares of the company’s stock after acquiring an additional 9,664 shares during the period. GAMMA Investing LLC’s holdings in Flowers Foods were worth $187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing an additional 1,463 shares in the last quarter. UMB Bank n.a. lifted its stake in Flowers Foods by 2,191.6% in the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company’s stock valued at $41,000 after buying an additional 2,082 shares in the last quarter. Allworth Financial LP grew its holdings in Flowers Foods by 904.8% during 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 during the last quarter. TD Private Client Wealth LLC increased its position in Flowers Foods by 63.1% during the first quarter. TD Private Client Wealth LLC now owns 3,739 shares of the company’s stock worth $71,000 after buying an additional 1,446 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Flowers Foods during the first quarter worth $97,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Insider Buying and Selling

In other Flowers Foods news, insider Cindy Cox sold 3,600 shares of Flowers Foods 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryals Mcmullian sold 350,000 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the sale, the chief executive officer directly owned 1,231,380 shares of the company’s stock, valued at $15,786,291.60. This represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.57% of the stock is currently owned by insiders.

Flowers Foods Price Performance

FLO stock opened at $12.74 on Monday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.25 and a beta of 0.29. 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, Inc. has a 52-week low of $12.69 and a 52-week high of $23.44. The stock’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $16.46.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, August 15th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.36 earnings per share. The firm’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. Equities research analysts expect 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. Investors of record on Friday, September 5th were given a $0.2475 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 7.8%. Flowers Foods’s dividend payout ratio (DPR) is currently 95.19%.

Analyst Ratings Changes

FLO has been the topic of several recent research reports. 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. Truist Financial cut 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. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.33.

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.