AM Investment Strategies LLC Makes New Investment in Flowers Foods, Inc. $FLO

Key Points

• AM Investment Strategies LLC has acquired a new position in Flowers Foods, purchasing 88,125 shares valued at approximately $1.4 million during the 2nd quarter.
• Flowers Foods reported earnings of $0.30 per share, exceeding analysts' expectations, but its revenue of $1.24 billion fell short of estimates.
• The company announced a quarterly dividend of $0.2475 per share, resulting in an annualized yield of 7.6%, with a high payout ratio of 95.19%.

AM Investment Strategies LLC acquired a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 88,125 shares of the company's stock, valued at approximately $1,408,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FLO. Moran Wealth Management LLC lifted its position in shares of Flowers Foods by 0.3% during the 1st quarter. Moran Wealth Management LLC now owns 191,278 shares of the company's stock valued at $3,636,000 after buying an additional 570 shares during the last quarter. ICW Investment Advisors LLC lifted its position in shares of Flowers Foods by 1.0% during the 1st quarter. ICW Investment Advisors LLC now owns 59,492 shares of the company's stock valued at $1,131,000 after buying an additional 598 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Flowers Foods by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company's stock valued at $604,000 after buying an additional 620 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Flowers Foods by 2.3% during the 1st quarter. Voya Investment Management LLC now owns 32,040 shares of the company's stock valued at $609,000 after buying an additional 712 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Flowers Foods by 1.3% during the 1st quarter. National Bank of Canada FI now owns 60,566 shares of the company's stock valued at $1,151,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FLO shares. Truist Financial dropped their price target 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. DA Davidson reiterated a "neutral" rating and set a $15.00 price objective on shares of Flowers Foods in a research note on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $15.33.

Flowers Foods Stock Performance

NYSE:FLO opened at $13.06 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26. Flowers Foods, Inc. has a 52-week low of $13.01 and a 52-week high of $23.44. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 12.55 and a beta of 0.29. The business's fifty day moving average is $15.25 and its 200 day moving average is $16.60.

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

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Friday, September 5th. Flowers Foods's dividend payout ratio is currently 95.19%.

Insiders Place Their Bets

In other Flowers Foods news, insider Cindy Cox sold 3,600 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total value of $54,000.00. Following the transaction, the insider directly owned 16,994 shares in the company, valued at $254,910. This represents a 17.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.57% of the stock is owned by corporate insiders.

About Flowers Foods

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.

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