Flowers Foods, Inc. $FLO Stock Holdings Lessened by Texas Yale Capital Corp.

Texas Yale Capital Corp. lessened its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 28.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 31,076 shares of the company’s stock after selling 12,479 shares during the period. Texas Yale Capital Corp.’s holdings in Flowers Foods were worth $497,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new position in Flowers Foods in the 1st quarter worth about $2,265,000. Principal Financial Group Inc. boosted its holdings 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 worth $8,558,000 after buying an additional 1,841 shares during the period. Amundi purchased a new position in shares of Flowers Foods in the first quarter worth approximately $1,646,000. 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 worth $141,610,000 after acquiring an additional 5,437,735 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Flowers Foods by 339.8% during the second quarter. CWM LLC now owns 25,917 shares of the company’s stock valued at $414,000 after acquiring an additional 20,024 shares during the period. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLO has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, August 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a “neutral” rating and set a $15.00 price target on shares of Flowers Foods in a report on Monday, August 18th. 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, Flowers Foods presently has a consensus rating of “Reduce” and an average target price of $15.33.

Flowers Foods Stock Up 2.1%

Flowers Foods stock opened at $11.90 on Friday. Flowers Foods, Inc. has a twelve month low of $11.45 and a twelve month high of $23.04. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26. The firm has a market cap of $2.51 billion, a PE ratio of 11.44 and a beta of 0.26. The firm’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $15.24.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.33 EPS. Flowers Foods’s revenue was up 3.0% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. On average, research analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Friday, September 5th. Flowers Foods’s dividend payout ratio is presently 95.19%.

Insider Transactions at Flowers Foods

In other Flowers Foods news, insider Cindy Cox sold 3,600 shares of Flowers Foods 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 directly owned 16,994 shares in the company, valued at $254,910. The trade was a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $4,487,000.00. Following the completion of the sale, the chief executive officer directly owned 1,231,380 shares of the company’s stock, valued at $15,786,291.60. This represents a 22.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.57% of the stock is owned by company insiders.

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.