Coston McIsaac & Partners Has $26,000 Holdings in Flowers Foods, Inc. $FLO

Coston McIsaac & Partners lessened its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 98.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,105 shares of the company’s stock after selling 158,910 shares during the period. Coston McIsaac & Partners’ holdings in Flowers Foods were worth $26,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Flowers Foods during the second quarter worth about $28,000. Quent Capital LLC acquired a new position in Flowers Foods during the 3rd quarter worth approximately $30,000. Private Trust Co. NA grew its stake in shares of Flowers Foods by 103.8% during the 2nd quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock worth $31,000 after acquiring an additional 984 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Flowers Foods by 860.2% during the 2nd quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock worth $32,000 after acquiring an additional 1,772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Flowers Foods by 271.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,737 shares of the company’s stock valued at $36,000 after purchasing an additional 2,000 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Stock Performance

Shares of FLO opened at $11.88 on Friday. The company has a market cap of $2.51 billion, a PE ratio of 12.91 and a beta of 0.33. The firm has a 50-day moving average of $10.92 and a 200-day moving average of $12.71. Flowers Foods, Inc. has a one year low of $9.93 and a one year high of $20.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.57.

Flowers Foods (NYSE:FLO) last issued its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Flowers Foods had a net margin of 3.78% and a return on equity of 16.35%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $0.33 EPS. Flowers Foods’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Friday, November 28th. Flowers Foods’s payout ratio is currently 107.61%.

Wall Street Analyst Weigh In

FLO has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a research report on Thursday, January 22nd. Zacks Research upgraded Flowers Foods from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Truist Financial lowered their target price on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.67.

Insider Buying and Selling at Flowers Foods

In related news, CEO Ryals Mcmullian sold 209,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $10.87, for a total value of $2,271,830.00. Following the sale, the chief executive officer owned 1,022,380 shares in the company, valued at approximately $11,113,270.60. This represents a 16.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.57% 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.