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 business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the sale, the insider directly owned 16,994 shares in the company, valued at $254,910. This trade represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Flowers Foods Stock Down 2.0%

Shares of Flowers Foods stock traded down $0.28 on Monday, reaching $13.47. The company's stock had a trading volume of 6,730,182 shares, compared to its average volume of 2,606,398. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.96 and a beta of 0.29. The firm's fifty day simple moving average is $15.58 and its two-hundred day simple moving average is $16.85. Flowers Foods, Inc. has a 52 week low of $13.45 and a 52 week high of $23.87. 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 (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.27 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. Equities analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.2475 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.3%. Flowers Foods's dividend payout ratio (DPR) is presently 95.19%.

Institutional Trading of Flowers Foods

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in shares of Flowers Foods by 6.3% during the second quarter. State Street Corp now owns 10,245,714 shares of the company's stock worth $163,727,000 after acquiring an additional 602,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Flowers Foods by 91.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,392,872 shares of the company's stock worth $159,548,000 after acquiring an additional 4,011,428 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Flowers Foods by 3.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,701,163 shares of the company's stock worth $123,065,000 after acquiring an additional 251,923 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of Flowers Foods by 2.9% during the first quarter. Cooke & Bieler LP now owns 5,612,523 shares of the company's stock worth $106,694,000 after acquiring an additional 159,460 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Flowers Foods by 9.6% during the second quarter. First Trust Advisors LP now owns 3,850,295 shares of the company's stock worth $61,528,000 after acquiring an additional 337,399 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. Truist Financial lowered their price target on Flowers Foods from $20.00 to $15.00 and set a "hold" rating on the stock in a report on Monday, August 18th. Finally, DA Davidson reissued a "neutral" rating and set a $15.00 price target on shares of Flowers Foods in a report on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.33.

Flowers Foods Company Profile

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.