Nordea Investment Management AB Has $3.63 Million Holdings in Flowers Foods, Inc. $FLO

Nordea Investment Management AB raised its position in Flowers Foods, Inc. (NYSE:FLO) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 228,171 shares of the company’s stock after purchasing an additional 1,781 shares during the period. Nordea Investment Management AB’s holdings in Flowers Foods were worth $3,630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Flowers Foods in the 1st quarter valued at about $2,265,000. Allspring Global Investments Holdings LLC increased its position in shares of Flowers Foods by 163.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 266,153 shares of the company’s stock valued at $5,041,000 after acquiring an additional 165,085 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Flowers Foods by 0.4% in the first quarter. Principal Financial Group Inc. now owns 450,199 shares of the company’s stock valued at $8,558,000 after acquiring an additional 1,841 shares during the last quarter. Amundi acquired a new stake in shares of Flowers Foods in the first quarter valued at about $1,646,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Flowers Foods by 270.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company’s stock valued at $141,610,000 after acquiring an additional 5,437,735 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Performance

Shares of NYSE:FLO opened at $12.75 on Wednesday. Flowers Foods, Inc. has a 12-month low of $12.42 and a 12-month high of $23.04. The stock has a market cap of $2.69 billion, a PE ratio of 12.26 and a beta of 0.27. The business has a 50 day moving average of $13.95 and a 200-day moving average of $15.78. 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 (NYSE:FLO) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Friday, September 5th. Flowers Foods’s payout ratio is currently 95.19%.

Wall Street Analysts Forecast Growth

FLO has been the topic of a number of recent research reports. DA Davidson reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Flowers Foods in a research report on Monday, August 18th. Truist Financial lowered their target price on Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a research report on Wednesday, October 8th. 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 data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $15.33.

Insider Buying and Selling

In related news, CEO Ryals Mcmullian sold 350,000 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $12.82, for a total value 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 approximately $15,786,291.60. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cindy Cox sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the sale, the insider owned 16,994 shares of the company’s stock, valued at approximately $254,910. This trade represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.57% of the company’s stock.

About Flowers Foods

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.