Flowers Foods, Inc. $FLO Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP cut its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,463,003 shares of the company’s stock after selling 127,290 shares during the period. Cooke & Bieler LP owned approximately 2.59% of Flowers Foods worth $71,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Flowers Foods during the second quarter valued at approximately $28,000. Private Trust Co. NA increased its stake in Flowers Foods by 103.8% during the 2nd quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock worth $31,000 after buying an additional 984 shares during the period. IFP Advisors Inc lifted its holdings in Flowers Foods by 860.2% in the 2nd quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock worth $32,000 after buying an additional 1,772 shares in the last quarter. Quent Capital LLC acquired a new position in Flowers Foods in the 3rd quarter worth $30,000. Finally, Geneos Wealth Management Inc. boosted its position in 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 buying an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a research note on Thursday. Truist Financial dropped their price objective on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $13.67.

Flowers Foods Stock Up 1.0%

FLO stock opened at $11.10 on Monday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 12.06 and a beta of 0.32. Flowers Foods, Inc. has a 1-year low of $9.93 and a 1-year high of $20.51. The firm has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $12.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.57.

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

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 8.9%. The ex-dividend date was Friday, November 28th. Flowers Foods’s dividend payout ratio (DPR) is currently 107.61%.

Insiders Place Their Bets

In other Flowers Foods news, CEO Ryals Mcmullian sold 209,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $10.87, for a total transaction of $2,271,830.00. Following the completion of the transaction, the chief executive officer owned 1,022,380 shares in the company, valued at approximately $11,113,270.60. The trade was a 16.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.57% of the stock is owned by insiders.

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.