Boston Trust Walden Corp Sells 577,467 Shares of Flowers Foods, Inc. $FLO

Boston Trust Walden Corp trimmed its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 23.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,847,350 shares of the company’s stock after selling 577,467 shares during the quarter. Boston Trust Walden Corp owned 0.87% of Flowers Foods worth $24,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FLO. Elevation Point Wealth Partners LLC bought a new position in shares of Flowers Foods during the 2nd quarter worth $28,000. Private Trust Co. NA grew its stake in shares of Flowers Foods by 103.8% during the second quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock worth $31,000 after acquiring an additional 984 shares during the last quarter. IFP Advisors Inc increased its stake in Flowers Foods by 860.2% during the 2nd quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock valued at $32,000 after purchasing an additional 1,772 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after acquiring an additional 1,001 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of Flowers Foods by 4,746.6% in the second quarter. Hantz Financial Services Inc. now owns 2,811 shares of the company’s stock worth $45,000 after purchasing an additional 2,753 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Trading Up 0.2%

FLO opened at $10.92 on Tuesday. The business’s 50-day simple moving average is $11.29 and its 200-day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.79. Flowers Foods, Inc. has a one year low of $10.34 and a one year high of $20.92. The company has a market cap of $2.31 billion, a P/E ratio of 11.87 and a beta of 0.33.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Flowers Foods had a return on equity of 16.35% and a net margin of 3.78%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. As a group, equities research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.2475 per share. The ex-dividend date was Friday, November 28th. This represents a $0.99 dividend on an annualized basis and a yield of 9.1%. Flowers Foods’s dividend payout ratio (DPR) is 107.61%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FLO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday, October 8th. Truist Financial decreased their target price on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $13.67.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.