Cindy Cox Sells 3,600 Shares of Flowers Foods (NYSE:FLO) Stock

Key Points

• Cindy Cox, an insider at Flowers Foods, sold 3,600 shares at an average price of $15.00, totaling $54,000, which reflects a 17.48% decrease in her ownership.
• Flowers Foods declared a quarterly dividend of $0.2475, with an annualized yield of 6.9%, due to be paid on September 19th.
• The company reported $0.30 EPS for the last quarter, surpassing estimates, while forecasting earnings of 1.18 EPS for the current year.

Flowers Foods, Inc. (NYSE:FLO - Get Free Report) insider Cindy Cox sold 3,600 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were 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. This trade represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Flowers Foods Trading Down 2.9%

Shares of NYSE:FLO traded down $0.43 during midday trading on Wednesday, hitting $14.38. 1,988,585 shares of the stock traded hands, compared to its average volume of 2,549,604. The stock has a market capitalization of $3.04 billion, a PE ratio of 13.81 and a beta of 0.29. The business's 50 day moving average is $15.72 and its two-hundred day moving average is $16.97. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23. Flowers Foods, Inc. has a one year low of $14.34 and a one year high of $23.87.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.27 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, September 5th. Flowers Foods's dividend payout ratio is presently 95.19%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Flowers Foods in the 2nd quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Flowers Foods in the fourth quarter valued at approximately $30,000. Private Trust Co. NA grew its holdings in shares of Flowers Foods by 103.8% in the second quarter. Private Trust Co. NA now owns 1,932 shares of the company's stock valued at $31,000 after purchasing an additional 984 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Flowers Foods by 617.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock valued at $32,000 after purchasing an additional 1,463 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Flowers Foods by 860.2% in the 2nd quarter. IFP Advisors Inc now owns 1,978 shares of the company's stock valued at $32,000 after buying an additional 1,772 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Wall Street Analysts Forecast Growth

FLO has been the subject of a number of research reports. Jefferies Financial Group decreased their price target on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, May 16th. DA Davidson reiterated a "neutral" rating and issued a $15.00 price target on shares of Flowers Foods in a research report on Monday, August 18th. Truist Financial decreased their price target on shares of Flowers Foods from $20.00 to $15.00 and set a "hold" rating on the stock in a research report on Monday, August 18th. Finally, Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.33.

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.

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