Flowers Foods, Inc. $FLO Position Lifted by Quarry LP

Quarry LP raised its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 73.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,996 shares of the company’s stock after acquiring an additional 5,490 shares during the quarter. Quarry LP’s holdings in Flowers Foods were worth $247,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FLO. Northern Trust Corp raised its holdings in shares of Flowers Foods by 22.0% during the fourth quarter. Northern Trust Corp now owns 1,742,145 shares of the company’s stock worth $35,993,000 after purchasing an additional 314,670 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Flowers Foods during the first quarter worth $2,265,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Flowers Foods by 163.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 266,153 shares of the company’s stock worth $5,041,000 after purchasing an additional 165,085 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Flowers Foods by 0.4% during the first quarter. Principal Financial Group Inc. now owns 450,199 shares of the company’s stock worth $8,558,000 after purchasing an additional 1,841 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Flowers Foods by 270.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company’s stock worth $141,610,000 after purchasing an additional 5,437,735 shares during the period. 75.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FLO. Wall Street Zen cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Monday, May 19th. Jefferies Financial Group dropped their target price on shares of Flowers Foods from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, May 16th. Truist Financial dropped their target price on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, August 18th. Finally, DA Davidson reissued a “neutral” rating and set a $15.00 target price on shares of Flowers Foods in a report on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.33.

Flowers Foods Stock Up 0.9%

FLO stock opened at $15.05 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23. Flowers Foods, Inc. has a fifty-two week low of $14.74 and a fifty-two week high of $23.87. The firm’s 50-day simple moving average is $15.89 and its 200 day simple moving average is $17.16. The stock has a market cap of $3.18 billion, a PE ratio of 14.47 and a beta of 0.29.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. Flowers Foods’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, sell-side analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.2475 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.99 annualized dividend and a yield of 6.6%. Flowers Foods’s dividend payout ratio (DPR) is presently 95.19%.

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.