Prime Capital Investment Advisors LLC Takes Position in Flowers Foods, Inc. $FLO

Prime Capital Investment Advisors LLC purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,577 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Flowers Foods by 780.0% during the 1st quarter. GAMMA Investing LLC now owns 38,343 shares of the company’s stock worth $729,000 after buying an additional 33,986 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Flowers Foods by 2,191.6% in the first quarter. UMB Bank n.a. now owns 2,177 shares of the company’s stock worth $41,000 after acquiring an additional 2,082 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Flowers Foods in the 1st quarter valued at $1,940,000. Wealth Enhancement Advisory Services LLC raised its stake in Flowers Foods by 3,837.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 342,067 shares of the company’s stock valued at $6,503,000 after purchasing an additional 333,379 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Flowers Foods by 31.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 42,476 shares of the company’s stock valued at $807,000 after purchasing an additional 10,285 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ryals Mcmullian sold 350,000 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,231,380 shares in the company, valued at $15,786,291.60. This trade represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cindy Cox sold 3,600 shares of Flowers Foods stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the transaction, the insider directly owned 16,994 shares of the company’s stock, valued at approximately $254,910. This represents a 17.48% 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 corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FLO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday, October 8th. Truist Financial dropped their price objective 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. Finally, DA Davidson reiterated a “neutral” rating and issued a $15.00 price objective on shares of Flowers Foods in a report on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $15.33.

Flowers Foods Price Performance

Flowers Foods stock opened at $12.61 on Monday. The company’s 50 day simple moving average is $14.45 and its 200-day simple moving average is $16.07. 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 1 year low of $12.42 and a 1 year high of $23.44. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 12.13 and a beta of 0.27.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Friday, August 15th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, equities research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

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