Algert Global LLC Purchases 44,040 Shares of Flowers Foods, Inc. $FLO

Key Points

• Algert Global LLC increased its stake in Flowers Foods, Inc. by 16.5% during Q1, purchasing an additional 44,040 shares, bringing its total to 311,272 shares valued at approximately $5.9 million.
• Flowers Foods announced a quarterly dividend increase to $0.2475 per share, resulting in an annualized yield of 6.3% as it improves from its previous quarterly dividend of $0.24.
• In recent analyst reports, Jefferies Financial Group and Wall Street Zen have both dropped their price target for Flowers Foods shares, setting it at $16.00 and issuing a "hold" rating.

Algert Global LLC lifted its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,272 shares of the company's stock after acquiring an additional 44,040 shares during the period. Algert Global LLC owned about 0.15% of Flowers Foods worth $5,917,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Northern Trust Corp increased its position in shares of Flowers Foods by 22.0% in the fourth quarter. Northern Trust Corp now owns 1,742,145 shares of the company's stock worth $35,993,000 after acquiring an additional 314,670 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Flowers Foods by 163.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 266,153 shares of the company's stock worth $5,041,000 after acquiring an additional 165,085 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Flowers Foods in the fourth quarter worth approximately $997,000. Principal Financial Group Inc. increased its position in shares of Flowers Foods by 0.4% in the first quarter. Principal Financial Group Inc. now owns 450,199 shares of the company's stock worth $8,558,000 after acquiring an additional 1,841 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $141,610,000 after acquiring an additional 5,437,735 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Stock Up 2.2%

Shares of FLO stock traded up $0.3450 during trading on Friday, hitting $15.8350. 3,895,760 shares of the company were exchanged, compared to its average volume of 2,668,568. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 1.26. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.23 and a beta of 0.32. The business's 50-day simple moving average is $15.98 and its 200 day simple moving average is $17.31. Flowers Foods, Inc. has a twelve month low of $15.27 and a twelve month high of $23.87.

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

Flowers Foods Announces Dividend

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 paid a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 6.3%. Flowers Foods's dividend payout ratio (DPR) is presently 95.19%.

Analyst Upgrades and Downgrades

FLO has been the topic of several 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. Truist Financial decreased their price target on shares of Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a report on Monday, August 18th. Jefferies Financial Group decreased their price target on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a report on Friday, May 16th. Finally, DA Davidson restated a "neutral" rating and set a $15.00 price target on shares of Flowers Foods in a report on Monday, August 18th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.33.

Insider Buying and Selling at Flowers Foods

In other Flowers Foods news, Director Thomas Caldecot Chubb III bought 3,000 shares of Flowers Foods stock in a transaction on Tuesday, May 27th. The stock was purchased at an average cost of $16.88 per share, for a total transaction of $50,640.00. Following the completion of the purchase, the director directly owned 45,861 shares of the company's stock, valued at $774,133.68. The trade was a 7.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Jameson Mcfadden bought 3,000 shares of Flowers Foods stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $16.92 per share, with a total value of $50,760.00. Following the completion of the purchase, the director directly owned 532,476 shares of the company's stock, valued at approximately $9,009,493.92. The trade was a 0.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 12,000 shares of company stock worth $202,440 over the last ninety days. 11.57% of the stock is currently owned by insiders.

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.