Flowers Foods (NYSE:FLO) CEO Ryals Mcmullian Sells 209,000 Shares of Stock

Flowers Foods, Inc. (NYSE:FLO) CEO Ryals Mcmullian sold 209,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $8.03, for a total value of $1,678,270.00. Following the completion of the transaction, the chief executive officer owned 813,380 shares of the company’s stock, valued at $6,531,441.40. This trade represents a 20.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryals Mcmullian also recently made the following trade(s):

• On Friday, January 2nd, Ryals Mcmullian sold 209,000 shares of Flowers Foods stock. The shares were sold at an average price of $10.87, for a total value of $2,271,830.00.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $8.24 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of 20.59 and a beta of 0.39. The company’s 50-day moving average is $9.77 and its 200 day moving average is $10.99. 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 $7.86 and a fifty-two week high of $20.23.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 1.59% and a return on equity of 16.61%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. On average, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend was Friday, March 6th. Flowers Foods’s dividend payout ratio is 247.50%.

Hedge Funds Weigh In On Flowers Foods

A number of institutional investors have recently added to or reduced their stakes in FLO. Elevation Point Wealth Partners LLC purchased a new position in shares of Flowers Foods during the second quarter worth about $28,000. Quent Capital LLC bought a new stake in Flowers Foods during the third quarter valued at approximately $30,000. WealthCollab LLC lifted its position in Flowers Foods by 1,623.7% during the fourth quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock valued at $25,000 after purchasing an additional 2,192 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Flowers Foods by 225.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock worth $31,000 after buying an additional 1,663 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake 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 in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FLO shares. Stephens set a $11.00 target price on Flowers Foods in a research note on Wednesday, February 18th. Zacks Research downgraded shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Flowers Foods from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Monday. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $11.80.

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.