721,404 Shares in Flowers Foods, Inc. $FLO Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 721,404 shares of the company's stock, valued at approximately $5,699,000. Corient Private Wealth LP owned 0.34% of Flowers Foods as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of Flowers Foods during the second quarter valued at approximately $18,168,000. Freestone Grove Partners LP acquired a new position in shares of Flowers Foods during the second quarter worth $301,000. Man Group plc purchased a new position in shares of Flowers Foods in the second quarter valued at $11,830,000. Jupiter Topco LLC purchased a new position in shares of Flowers Foods in the second quarter valued at $638,000. Finally, Hsbc Holdings PLC acquired a new stake in Flowers Foods during the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 75.45% of the company's stock.

Analyst Upgrades and Downgrades

FLO has been the topic of several analyst reports. Stephens dropped their price target on shares of Flowers Foods from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Monday, August 24th. Weiss Ratings raised shares of Flowers Foods from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday. Zacks Research upgraded Flowers Foods from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group set a $7.00 target price on Flowers Foods in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Flowers Foods presently has an average rating of "Reduce" and an average target price of $7.60.

Flowers Foods Stock Performance

Shares of FLO opened at $6.92 on Tuesday. The business's 50 day moving average is $7.72 and its two-hundred day moving average is $8.21. Flowers Foods, Inc. has a 52-week low of $6.80 and a 52-week high of $15.14. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 26.62 and a beta of 0.40. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.97.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%.The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.28 EPS. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Analysts forecast that Flowers Foods, Inc. will post 0.79 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, September 11th. Flowers Foods's dividend payout ratio is 192.31%.

Insiders Place Their Bets

In related news, CFO Diego Anthony Scaglione acquired 5,000 shares of the firm's stock in a transaction on Monday, June 8th. The stock was bought at an average cost of $7.51 per share, with a total value of $37,550.00. Following the acquisition, the chief financial officer directly owned 194,180 shares in the company, valued at approximately $1,458,291.80. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.23% of the stock is currently owned by corporate insiders.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature's Own, Wonder, Dave's Killer Bread, Mrs.

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