State of Alaska Department of Revenue Has $494,000 Stock Holdings in Flowers Foods, Inc. $FLO

State of Alaska Department of Revenue trimmed its position in Flowers Foods, Inc. (NYSE:FLO) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,937 shares of the company’s stock after selling 900 shares during the quarter. State of Alaska Department of Revenue’s holdings in Flowers Foods were worth $494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Flowers Foods by 91.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,392,872 shares of the company’s stock valued at $159,548,000 after purchasing an additional 4,011,428 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Flowers Foods by 270.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company’s stock valued at $141,610,000 after purchasing an additional 5,437,735 shares during the period. Cooke & Bieler LP raised its holdings in shares of Flowers Foods by 2.9% in the 1st quarter. Cooke & Bieler LP now owns 5,612,523 shares of the company’s stock valued at $106,694,000 after purchasing an additional 159,460 shares during the period. Invesco Ltd. raised its holdings in shares of Flowers Foods by 12.4% in the 1st quarter. Invesco Ltd. now owns 2,782,856 shares of the company’s stock valued at $52,902,000 after purchasing an additional 307,614 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Flowers Foods by 0.8% in the 1st quarter. Northern Trust Corp now owns 1,756,534 shares of the company’s stock valued at $33,392,000 after purchasing an additional 14,389 shares during the period. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Performance

Shares of NYSE:FLO opened at $12.61 on Thursday. The company’s 50 day moving average price is $14.58 and its two-hundred day moving average price is $16.18. Flowers Foods, Inc. has a 12-month low of $12.42 and a 12-month high of $23.44. The firm has a market cap of $2.66 billion, a PE ratio of 12.13 and a beta of 0.27. 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, topping analysts’ consensus estimates of $0.29 by $0.01. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue 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 predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a dividend of $0.2475 per share. The ex-dividend date was Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 7.9%. Flowers Foods’s dividend payout ratio (DPR) is currently 95.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday. Truist Financial lowered their price target on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, August 18th. Finally, DA Davidson reissued a “neutral” rating and issued a $15.00 price target on shares of Flowers Foods in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $15.33.

Insider Activity at Flowers Foods

In related news, CEO Ryals Mcmullian sold 350,000 shares of the stock in a transaction that occurred 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 owned 1,231,380 shares in the company, valued at approximately $15,786,291.60. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cindy Cox sold 3,600 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total transaction of $54,000.00. Following the sale, the insider owned 16,994 shares in the company, valued at $254,910. This represents a 17.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.57% of the company’s stock.

Flowers Foods Company 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.