Landscape Capital Management L.L.C. Purchases New Position in Flowers Foods, Inc. $FLO

Key Points

• Landscape Capital Management has purchased 16,748 shares of Flowers Foods, Inc. valued at approximately $318,000, indicating strong interest in the company.
• A number of hedge funds have also increased their stakes in Flowers Foods, with Charles Schwab Investment Management boosting its position by 270.3%, owning over 7.4 million shares now.
• Flowers Foods recently announced a quarterly dividend of $0.2475 per share, resulting in an annualized yield of 6.6%, despite its payout ratio being notably high at 95.19%.

Landscape Capital Management L.L.C. acquired a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,748 shares of the company's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG increased its holdings in Flowers Foods by 13.4% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 75,682 shares of the company's stock valued at $1,439,000 after purchasing an additional 8,955 shares during the period. Ceredex Value Advisors LLC increased its holdings in Flowers Foods by 13.5% in the first quarter. Ceredex Value Advisors LLC now owns 571,804 shares of the company's stock valued at $10,870,000 after purchasing an additional 67,950 shares during the period. Comerica Bank increased its holdings in Flowers Foods by 23.0% in the first quarter. Comerica Bank now owns 97,463 shares of the company's stock valued at $1,853,000 after purchasing an additional 18,208 shares during the period. Synovus Financial Corp increased its holdings in Flowers Foods by 7.4% in the first quarter. Synovus Financial Corp now owns 21,711 shares of the company's stock valued at $413,000 after purchasing an additional 1,500 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Flowers Foods in the first quarter valued at $2,265,000. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FLO has been the topic of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Truist Financial cut 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, DA Davidson reaffirmed a "neutral" rating and set a $15.00 price target on shares of Flowers Foods in a research report on Monday, August 18th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Flowers Foods has an average rating of "Hold" and an average target price of $15.33.

Flowers Foods Stock Up 1.2%

Shares of FLO stock traded up $0.18 on Friday, reaching $14.81. 4,522,578 shares of the company were exchanged, compared to its average volume of 3,138,344. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 14.24 and a beta of 0.29. The company has a 50-day moving average of $15.77 and a 200-day moving average of $17.04. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.26 and a quick ratio of 0.90. Flowers Foods, Inc. has a one year low of $14.42 and a one year high of $23.87.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings data on Friday, August 15th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The business's revenue was up 1.5% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. 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 declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.2475 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.99 annualized dividend and a yield of 6.7%. Flowers Foods's dividend payout ratio (DPR) is presently 95.19%.

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.