322,676 Shares in Flowers Foods, Inc. $FLO Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired 322,676 shares of Flowers Foods, Inc. for approximately $6.13 million, owning 0.15% of the company as of the latest SEC filing.
• Flowers Foods reported a quarterly EPS of $0.30, exceeding analysts' estimates, but with revenue of $1.24 billion falling short of expectations.
• The company announced a quarterly dividend of $0.2475 per share, reflecting a strong yield of 6.5%, with a payout ratio of 95.19%.

Nuveen LLC purchased a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 322,676 shares of the company's stock, valued at approximately $6,134,000. Nuveen LLC owned 0.15% of Flowers Foods as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in Flowers Foods in the fourth quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flowers Foods during the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Flowers Foods by 617.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock worth $32,000 after purchasing an additional 1,463 shares during the period. UMB Bank n.a. raised its position in Flowers Foods by 2,191.6% in the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock valued at $41,000 after buying an additional 2,082 shares during the last quarter. Finally, Allworth Financial LP raised its position in Flowers Foods by 904.8% in the 1st quarter. Allworth Financial LP now owns 2,502 shares of the company's stock valued at $45,000 after buying an additional 2,253 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Stock Performance

Shares of NYSE FLO traded up $0.14 during midday trading on Friday, hitting $15.05. 2,272,116 shares of the company's stock were exchanged, compared to its average volume of 2,967,887. The firm has a market capitalization of $3.18 billion, a PE ratio of 14.47 and a beta of 0.32. The company's 50 day moving average price is $15.89 and its 200 day moving average price is $17.17. 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 12 month low of $14.74 and a 12 month high of $23.87.

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

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.2475 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 6.6%. Flowers Foods's dividend payout ratio (DPR) is presently 95.19%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. DA Davidson reissued a "neutral" rating and issued a $15.00 target price on shares of Flowers Foods in a research report on Monday, August 18th. Jefferies Financial Group dropped their target price on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Finally, Truist Financial dropped their target price on Flowers Foods from $20.00 to $15.00 and set a "hold" rating on the stock in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.