Corient Private Wealth LP Acquires Shares of 721,404 Flowers Foods, Inc. $FLO

Corient Private Wealth LP bought a new position in shares of Flowers Foods, Inc. (NYSE:FLO) during the second quarter, HoldingsChannel reports. The firm bought 721,404 shares of the company’s stock, valued at approximately $5,699,000.

Several other hedge funds also recently made changes to their positions in FLO. Optiver Holding B.V. increased its holdings in shares of Flowers Foods by 542.5% in the 1st quarter. Optiver Holding B.V. now owns 3,386 shares of the company’s stock valued at $28,000 after acquiring an additional 2,859 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Flowers Foods by 225.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock valued at $31,000 after acquiring an additional 1,663 shares in the last quarter. Fifth Third Bancorp lifted its stake in Flowers Foods by 151.2% during the fourth quarter. Fifth Third Bancorp now owns 3,050 shares of the company’s stock worth $33,000 after purchasing an additional 1,836 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Flowers Foods by 176.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company’s stock worth $33,000 after purchasing an additional 1,958 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Flowers Foods by 140.7% in the fourth quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock worth $33,000 after purchasing an additional 1,768 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Down 2.5%

Shares of Flowers Foods stock opened at $6.92 on Tuesday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 26.62 and a beta of 0.40. Flowers Foods, Inc. has a twelve month low of $6.80 and a twelve month high of $15.14. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The business’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $8.21.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Equities research analysts forecast that Flowers Foods, Inc. will post 0.79 earnings per share for the current year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, September 11th. This represents a $0.50 annualized dividend and a dividend yield of 7.2%. Flowers Foods’s dividend payout ratio is currently 192.31%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FLO. Jefferies Financial Group set a $7.00 target price on shares of Flowers Foods in a research note on Monday, August 3rd. Stephens reduced their price target on shares of Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, August 24th. Weiss Ratings raised shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Zacks Research raised shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Flowers Foods currently has a consensus rating of “Reduce” and a consensus target price of $7.60.

Insider Activity at Flowers Foods

In other news, CFO Diego Anthony Scaglione acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $7.51 per share, with a total value of $37,550.00. Following the acquisition, the chief financial officer directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.23% of the company’s stock.

About Flowers Foods

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.