Flowers Foods, Inc. $FLO Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. lifted its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 193.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,479 shares of the company’s stock after acquiring an additional 95,162 shares during the period. Capital Fund Management S.A. owned about 0.07% of Flowers Foods worth $2,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. ICW Investment Advisors LLC grew its holdings in shares of Flowers Foods by 1.0% during the first quarter. ICW Investment Advisors LLC now owns 59,492 shares of the company’s stock valued at $1,131,000 after purchasing an additional 598 shares during the last quarter. Voya Investment Management LLC boosted its position in Flowers Foods by 2.3% during the 1st quarter. Voya Investment Management LLC now owns 32,040 shares of the company’s stock valued at $609,000 after purchasing an additional 712 shares during the period. Belpointe Asset Management LLC grew its stake in Flowers Foods by 7.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 11,245 shares of the company’s stock worth $180,000 after buying an additional 764 shares during the last quarter. National Bank of Canada FI increased its position in Flowers Foods by 1.3% in the first quarter. National Bank of Canada FI now owns 60,566 shares of the company’s stock worth $1,151,000 after buying an additional 805 shares during the period. Finally, Aviance Capital Partners LLC lifted its stake in Flowers Foods by 9.1% in the second quarter. Aviance Capital Partners LLC now owns 11,296 shares of the company’s stock valued at $181,000 after buying an additional 939 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 legal filing with the SEC, which is available through this link. Also, CEO Ryals Mcmullian sold 350,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $15,786,291.60. This trade represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

FLO has been the subject of several analyst reports. DA Davidson restated a “neutral” rating and set a $15.00 price objective on shares of Flowers Foods in a research note on Monday, August 18th. Truist Financial lowered their target price on shares of Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $13.67.

Flowers Foods Stock Performance

Shares of FLO stock opened at $11.06 on Thursday. Flowers Foods, Inc. has a 1-year low of $10.34 and a 1-year high of $22.55. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 12.03 and a beta of 0.33. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $11.98 and its 200-day simple moving average is $14.40.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a net margin of 3.78% and a return on equity of 16.35%. Flowers Foods’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. On average, sell-side analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.2475 per share. The ex-dividend date is Friday, November 28th. This represents a $0.99 annualized dividend and a dividend yield of 8.9%. Flowers Foods’s dividend payout ratio is 107.61%.

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.