Flowers Foods (NYSE:FLO) CFO Purchases $37,550.00 in Stock

Flowers Foods, Inc. (NYSE:FLO) CFO Diego Anthony Scaglione bought 5,000 shares of Flowers Foods stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of $7.51 per share, for a total transaction of $37,550.00. Following the completion of the acquisition, the chief financial officer owned 194,180 shares in the company, valued at approximately $1,458,291.80. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Flowers Foods Price Performance

Shares of Flowers Foods stock traded up $0.25 during trading hours on Wednesday, reaching $7.91. The company’s stock had a trading volume of 2,657,580 shares, compared to its average volume of 6,135,365. The firm has a 50 day moving average price of $8.08 and a 200-day moving average price of $9.55. Flowers Foods, Inc. has a one year low of $6.80 and a one year high of $16.85. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.77 and a quick ratio of 0.57. The stock has a market cap of $1.68 billion, a P/E ratio of 22.59 and a beta of 0.40.

Flowers Foods (NYSE:FLO) last posted its earnings results on Thursday, May 21st. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Flowers Foods had a net margin of 1.38% and a return on equity of 15.98%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. On average, analysts predict that Flowers Foods, Inc. will post 0.87 EPS for the current year.

Flowers Foods Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, June 12th. Flowers Foods’s dividend payout ratio is presently 282.86%.

Hedge Funds Weigh In On Flowers Foods

Hedge funds have recently added to or reduced their stakes in the stock. WealthCollab LLC grew its stake in Flowers Foods by 1,623.7% in the 4th quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock worth $25,000 after acquiring an additional 2,192 shares in the last quarter. Optiver Holding B.V. grew its stake in Flowers Foods by 542.5% in the 1st quarter. Optiver Holding B.V. now owns 3,386 shares of the company’s stock worth $28,000 after acquiring an additional 2,859 shares in the last quarter. True Wealth Design LLC grew its stake in Flowers Foods by 262.9% in the 4th quarter. True Wealth Design LLC now owns 2,620 shares of the company’s stock worth $29,000 after acquiring an additional 1,898 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Flowers Foods by 225.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock worth $31,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Flowers Foods by 176.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock worth $33,000 after acquiring an additional 1,958 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on FLO. Stephens cut their price target on shares of Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Zacks Research upgraded shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Flowers Foods from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Weiss Ratings downgraded shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Finally, BNP Paribas Exane cut their price target on shares of Flowers Foods from $10.00 to $8.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $9.60.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.