Quantinno Capital Management LP Sells 393,676 Shares of Flowers Foods, Inc. $FLO

Quantinno Capital Management LP reduced its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 10.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,396,554 shares of the company’s stock after selling 393,676 shares during the period. Quantinno Capital Management LP’s holdings in Flowers Foods were worth $27,682,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FLO. WealthCollab LLC increased its holdings in Flowers Foods by 1,623.7% during the 4th quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock valued at $25,000 after purchasing an additional 2,192 shares during the period. Wilmington Savings Fund Society FSB raised its position in 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 purchasing an additional 1,663 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings 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 buying an additional 1,958 shares during the period. Fifth Third Bancorp lifted its holdings in Flowers Foods by 151.2% in the 4th quarter. Fifth Third Bancorp now owns 3,050 shares of the company’s stock worth $33,000 after buying an additional 1,836 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Flowers Foods by 140.7% in the 4th quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock worth $33,000 after buying an additional 1,768 shares during the period. 75.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FLO shares. BNP Paribas Exane reduced their target price on Flowers Foods from $10.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, April 9th. Zacks Research raised Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Stephens dropped their price target on Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Wall Street Zen cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Weiss Ratings raised shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $9.60.

Flowers Foods Stock Performance

Flowers Foods stock opened at $7.01 on Friday. Flowers Foods, Inc. has a fifty-two week low of $6.80 and a fifty-two week high of $16.85. The stock’s 50 day simple moving average is $7.88 and its two-hundred day simple moving average is $8.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 0.77. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 20.04 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, May 21st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. Flowers Foods had a return on equity of 15.98% and a net margin of 1.38%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. As a group, analysts expect that Flowers Foods, Inc. will post 0.85 earnings per share for the current fiscal year.

Flowers Foods Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, June 12th. Flowers Foods’s dividend payout ratio is presently 142.86%.

Insider Transactions at Flowers Foods

In other news, CFO Diego Anthony Scaglione acquired 5,000 shares of the firm’s stock in a transaction on 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 $1,458,291.80. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.