15,397 Shares in Flowers Foods, Inc. $FLO Bought by Versor Investments LP

Versor Investments LP bought a new position in shares of Flowers Foods, Inc. (NYSE:FLO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,397 shares of the company’s stock, valued at approximately $246,000.

Several other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Flowers Foods by 270.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company’s stock worth $141,610,000 after buying an additional 5,437,735 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Flowers Foods by 91.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,392,872 shares of the company’s stock valued at $159,548,000 after acquiring an additional 4,011,428 shares during the last quarter. Millennium Management LLC increased its holdings in Flowers Foods by 209.6% during the 1st quarter. Millennium Management LLC now owns 949,688 shares of the company’s stock valued at $18,054,000 after acquiring an additional 642,942 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Flowers Foods by 8,028.8% during the first quarter. Cubist Systematic Strategies LLC now owns 489,272 shares of the company’s stock worth $9,301,000 after acquiring an additional 483,253 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Flowers Foods in the first quarter valued at about $6,134,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

Analyst Upgrades and Downgrades

FLO has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Flowers Foods in a research note on Monday, August 18th. Finally, Truist Financial dropped their price target on Flowers Foods from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $15.33.

Flowers Foods Trading Down 4.0%

Shares of FLO opened at $11.62 on Friday. Flowers Foods, Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $23.04. The company has a market capitalization of $2.45 billion, a PE ratio of 11.17 and a beta of 0.26. The stock has a fifty day moving average of $13.14 and a two-hundred day moving average of $15.29. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. As a group, analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Friday, September 5th. Flowers Foods’s dividend payout ratio is presently 95.19%.

Insider Activity at Flowers Foods

In other news, CEO Ryals Mcmullian sold 350,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the completion of the sale, the chief executive officer directly owned 1,231,380 shares in the company, valued at $15,786,291.60. This represents a 22.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Cindy Cox sold 3,600 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the transaction, the insider directly owned 16,994 shares in the company, valued at $254,910. This trade represents a 17.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.57% of the stock is currently owned by company insiders.

Flowers Foods 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.