Allen Mooney & Barnes Investment Advisors LLC Lowers Stock Position in Flowers Foods, Inc. $FLO

Key Points

• Allen Mooney & Barnes Investment Advisors cut its Flowers Foods stake by 86.3% in the third quarter, selling 751,031 shares and retaining 119,103 shares worth approximately $661,000.
• Flowers Foods reported quarterly EPS of $0.21, below the $0.22 consensus estimate, while revenue fell 4% year over year to $1.19 billion. The stock recently traded near $5.95, close to its 52-week low.
• The company maintains a quarterly dividend of $0.125, equivalent to an annualized yield of about 8.4%, but analysts remain cautious: the consensus rating is “Reduce” with a target price of $6.80.

Allen Mooney & Barnes Investment Advisors LLC reduced its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 86.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,103 shares of the company's stock after selling 751,031 shares during the period. Allen Mooney & Barnes Investment Advisors LLC owned about 0.06% of Flowers Foods worth $661,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Corient Private Wealth LP bought a new stake in Flowers Foods in the 2nd quarter valued at about $5,699,000. Bank of America Corp DE bought a new position in Flowers Foods during the second quarter worth about $18,168,000. BlackRock Inc. purchased a new position in shares of Flowers Foods in the second quarter worth about $273,587,000. Bank of New York Mellon Corp purchased a new position in shares of Flowers Foods in the second quarter worth about $12,070,000. Finally, Legal & General Group Plc bought a new stake in shares of Flowers Foods in the second quarter valued at approximately $3,858,000. Hedge funds and other institutional investors own 75.45% of the company's stock.

Flowers Foods Trading Up 1.8%

Flowers Foods stock opened at $5.95 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.77. Flowers Foods, Inc. has a fifty-two week low of $5.40 and a fifty-two week high of $13.11. The stock has a market cap of $1.26 billion, a P/E ratio of 22.87 and a beta of 0.43. The firm's fifty day moving average price is $6.54 and its 200-day moving average price is $7.52.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. Flowers Foods's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Equities research analysts forecast that Flowers Foods, Inc. will post 0.8 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a $0.1250 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.50 annualized dividend and a yield of 8.4%. Flowers Foods's payout ratio is 192.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FLO shares. Jefferies Financial Group dropped their price target on shares of Flowers Foods from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Tuesday. Weiss Ratings upgraded shares of Flowers Foods from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, October 2nd. BNP Paribas Exane lowered their target price on shares of Flowers Foods from $6.50 to $5.00 and set an "underperform" rating on the stock in a report on Wednesday. Zacks Research downgraded Flowers Foods from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 15th. Finally, Stephens cut their price target on Flowers Foods from $8.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday, August 24th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $6.80.

Flowers Foods Company Profile

Flowers Foods, Inc NYSE: FLO is a U.S. food company that produces and markets packaged bakery products. Its portfolio includes breads, buns, rolls, snack cakes, pastries and other baked goods sold through grocery stores, mass retailers, foodservice providers and other retail channels.

The company's brands include Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley's. Flowers Foods distributes its products throughout the United States through a combination of direct-store-delivery and warehouse distribution systems.

Flowers Foods traces its history to 1919, when it began as a bakery business in Thomasville, Georgia.

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