Flowers Foods, Inc. (FLO) To Go Ex-Dividend on June 12th

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 12th will be paid a dividend of 0.125 per share on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, June 12th.

Flowers Foods has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 24 years. Flowers Foods has a dividend payout ratio of 87.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Flowers Foods to earn $0.90 per share next year, which means the company may not be able to cover its $0.99 annual dividend with an expected future payout ratio of 110.0%.

Flowers Foods Stock Up 13.7%

Shares of NYSE FLO opened at $7.97 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.04. Flowers Foods has a 52 week low of $6.80 and a 52 week high of $17.24. The firm has a 50-day moving average price of $8.29 and a 200 day moving average price of $9.89. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 22.76 and a beta of 0.46.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Flowers Foods had a net margin of 1.38% and a return on equity of 15.75%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Equities research analysts anticipate that Flowers Foods will post 0.87 EPS for the current fiscal year.

Insider Transactions at Flowers Foods

In other Flowers Foods news, CEO Ryals Mcmullian sold 209,000 shares of Flowers Foods stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $8.03, for a total transaction of $1,678,270.00. Following the completion of the transaction, the chief executive officer owned 813,380 shares in the company, valued at approximately $6,531,441.40. The trade was a 20.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.23% of the company’s stock.

Hedge Funds Weigh In On Flowers Foods

Institutional investors have recently modified their holdings of the company. WealthCollab LLC raised its position in shares of Flowers Foods by 1,623.7% in the fourth quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock valued at $25,000 after buying an additional 2,192 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Flowers Foods by 225.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock valued at $31,000 after buying an additional 1,663 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Flowers Foods by 64.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after buying an additional 1,001 shares during the last quarter. True Wealth Design LLC raised its position in shares of Flowers Foods by 262.9% in the fourth quarter. True Wealth Design LLC now owns 2,620 shares of the company’s stock valued at $29,000 after buying an additional 1,898 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Flowers Foods by 140.7% in the fourth quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock valued at $33,000 after buying an additional 1,768 shares during the last quarter. Institutional investors and hedge funds own 75.45% 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.