16,748 Shares in Flowers Foods, Inc. $FLO Purchased by Landscape Capital Management L.L.C.

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 position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,748 shares of the company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLO. Northern Trust Corp grew its position in Flowers Foods by 22.0% in the fourth quarter. Northern Trust Corp now owns 1,742,145 shares of the company's stock valued at $35,993,000 after purchasing an additional 314,670 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Flowers Foods in the first quarter valued at $2,265,000. Allspring Global Investments Holdings LLC grew its position in Flowers Foods by 163.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 266,153 shares of the company's stock valued at $5,041,000 after purchasing an additional 165,085 shares in the last quarter. Principal Financial Group Inc. grew its position in Flowers Foods by 0.4% in the first quarter. Principal Financial Group Inc. now owns 450,199 shares of the company's stock valued at $8,558,000 after purchasing an additional 1,841 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Flowers Foods by 270.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company's stock valued at $141,610,000 after purchasing an additional 5,437,735 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Flowers Foods Stock Performance

Shares of FLO traded down $0.21 during midday trading on Wednesday, reaching $14.64. The stock had a trading volume of 2,592,558 shares, compared to its average volume of 2,854,115. The firm has a 50 day simple moving average of $15.82 and a 200-day simple moving average of $17.10. Flowers Foods, Inc. has a one year low of $14.62 and a one year high of $23.87. The firm has a market cap of $3.09 billion, a PE ratio of 14.07 and a beta of 0.29. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, August 15th. The company reported $0.30 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $0.36 EPS. The company's quarterly 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. As a group, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a dividend of $0.2475 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 6.8%. Flowers Foods's payout ratio is presently 95.19%.

Flowers Foods 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.