CWA Asset Management Group LLC acquired a new stake in Flowers Foods, Inc. (NYSE:FLO – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 167,118 shares of the company’s stock, valued at approximately $1,818,000. CWA Asset Management Group LLC owned 0.08% of Flowers Foods as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Flowers Foods in the second quarter worth about $28,000. Quent Capital LLC purchased a new stake in shares of Flowers Foods during the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Flowers Foods by 225.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock valued at $31,000 after buying an additional 1,663 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after buying an additional 1,001 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Flowers Foods by 56.4% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,800 shares of the company’s stock worth $45,000 after buying an additional 1,010 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Stephens set a $11.00 target price on shares of Flowers Foods in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a report on Thursday, January 22nd. Zacks Research cut Flowers Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Flowers Foods in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Flowers Foods currently has a consensus rating of “Reduce” and an average target price of $12.60.
Insider Buying and Selling at Flowers Foods
In related news, CEO Ryals Mcmullian sold 209,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $10.87, for a total value of $2,271,830.00. Following the transaction, the chief executive officer directly owned 1,022,380 shares in the company, valued at approximately $11,113,270.60. This represents a 16.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.57% of the company’s stock.
Flowers Foods Trading Down 2.2%
Flowers Foods stock opened at $8.19 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 0.75. Flowers Foods, Inc. has a fifty-two week low of $8.17 and a fifty-two week high of $20.23. The stock has a market cap of $1.73 billion, a P/E ratio of 20.47 and a beta of 0.36. The firm’s fifty day moving average price is $10.24 and its 200-day moving average price is $11.34.
Flowers Foods (NYSE:FLO – Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. Flowers Foods had a return on equity of 16.61% and a net margin of 1.59%.During the same quarter last year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.
Flowers Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a dividend of $0.2475 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.99 annualized dividend and a dividend yield of 12.1%. Flowers Foods’s payout ratio is presently 247.50%.
About Flowers Foods
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.
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