Campbell & CO Investment Adviser LLC Sells 46,674 Shares of Flowers Foods, Inc. $FLO

Campbell & CO Investment Adviser LLC lessened its holdings in Flowers Foods, Inc. (NYSE:FLO) by 39.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,482 shares of the company’s stock after selling 46,674 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Flowers Foods were worth $1,158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLO. Fuller & Thaler Asset Management Inc. raised its holdings in Flowers Foods by 91.6% during 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 buying an additional 4,011,428 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $141,610,000 after buying an additional 5,437,735 shares during the period. Cooke & Bieler LP boosted its stake in Flowers Foods by 2.9% during the first quarter. Cooke & Bieler LP now owns 5,612,523 shares of the company’s stock worth $106,694,000 after acquiring an additional 159,460 shares in the last quarter. Invesco Ltd. boosted its position in shares of Flowers Foods by 12.4% in the 1st quarter. Invesco Ltd. now owns 2,782,856 shares of the company’s stock worth $52,902,000 after purchasing an additional 307,614 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in Flowers Foods by 7.3% in the second quarter. Boston Trust Walden Corp now owns 2,424,817 shares of the company’s stock worth $38,749,000 after acquiring an additional 164,186 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FLO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday, October 8th. DA Davidson restated a “neutral” rating and set 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 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. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $15.33.

Insiders Place Their Bets

In related news, CEO Ryals Mcmullian sold 350,000 shares of the 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 transaction, the chief executive officer 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cindy Cox sold 3,600 shares of the firm’s stock in a transaction 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 transaction, the insider owned 16,994 shares in the company, valued at approximately $254,910. This represents a 17.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 11.57% of the company’s stock.

Flowers Foods Price Performance

NYSE:FLO opened at $11.52 on Thursday. The business’s 50-day simple moving average is $12.87 and its two-hundred day simple moving average is $15.08. Flowers Foods, Inc. has a 52 week low of $11.33 and a 52 week high of $23.04. The stock has a market cap of $2.43 billion, a PE ratio of 11.07 and a beta of 0.26. 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 released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $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 fiscal year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued a $0.2475 dividend. This represents a $0.99 annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Friday, September 5th. Flowers Foods’s dividend payout ratio is presently 107.61%.

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.