Flowers Foods, Inc. $FLO Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in Flowers Foods, Inc. (NYSE:FLO) by 85.3% during the second quarter, HoldingsChannel.com reports. The fund owned 20,805 shares of the company’s stock after selling 120,485 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Flowers Foods were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of FLO. HB Wealth Management LLC raised its stake in Flowers Foods by 228.0% in the 2nd quarter. HB Wealth Management LLC now owns 44,983 shares of the company’s stock valued at $719,000 after purchasing an additional 31,270 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Flowers Foods by 7.1% during the second quarter. Janney Montgomery Scott LLC now owns 127,725 shares of the company’s stock valued at $2,041,000 after purchasing an additional 8,420 shares during the period. Signaturefd LLC increased its holdings in shares of Flowers Foods by 101.5% during the second quarter. Signaturefd LLC now owns 23,997 shares of the company’s stock valued at $383,000 after purchasing an additional 12,088 shares during the period. Perigon Wealth Management LLC acquired a new position in Flowers Foods during the second quarter worth about $172,000. Finally, TD Private Client Wealth LLC grew its holdings in Flowers Foods by 30.0% during the second quarter. TD Private Client Wealth LLC now owns 4,860 shares of the company’s stock worth $78,000 after acquiring an additional 1,121 shares during the period. 75.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday. Truist Financial cut their price objective on Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, August 18th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $15.00 price target on shares of Flowers Foods in a research report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $15.33.

Insider Buying and Selling at Flowers Foods

In other Flowers Foods news, insider Cindy Cox sold 3,600 shares of Flowers Foods stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total transaction of $54,000.00. Following the transaction, the insider directly owned 16,994 shares of the company’s stock, valued at approximately $254,910. The trade was a 17.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryals Mcmullian sold 350,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $12.82, for a total value of $4,487,000.00. Following the sale, the chief executive officer owned 1,231,380 shares in the company, valued at approximately $15,786,291.60. The trade was a 22.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.57% of the company’s stock.

Flowers Foods Stock Down 1.3%

FLO stock opened at $12.61 on Thursday. The business has a 50-day moving average of $14.58 and a 200-day moving average of $16.18. Flowers Foods, Inc. has a fifty-two week low of $12.42 and a fifty-two week high of $23.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.26 and a quick ratio of 0.90. The stock has a market capitalization of $2.66 billion, a P/E ratio of 12.13 and a beta of 0.27.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Friday, August 15th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. On average, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.2475 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 7.9%. Flowers Foods’s dividend payout ratio (DPR) is presently 95.19%.

About Flowers Foods

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.