Bank of New York Mellon Corp Invests $12.07 Million in Flowers Foods, Inc. $FLO

Bank of New York Mellon Corp bought a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,527,897 shares of the company's stock, valued at approximately $12,070,000. Bank of New York Mellon Corp owned 0.72% of Flowers Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Flowers Foods in the first quarter valued at $499,000. Millennium Management LLC lifted its position in shares of Flowers Foods by 209.6% in the 1st quarter. Millennium Management LLC now owns 949,688 shares of the company's stock worth $18,054,000 after purchasing an additional 642,942 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Flowers Foods by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 976,456 shares of the company's stock valued at $18,562,000 after purchasing an additional 65,258 shares in the last quarter. Empowered Funds LLC increased its position in shares of Flowers Foods by 10.6% during the first quarter. Empowered Funds LLC now owns 150,404 shares of the company's stock valued at $2,859,000 after buying an additional 14,476 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Flowers Foods by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 744,714 shares of the company's stock valued at $14,157,000 after buying an additional 81,066 shares during the period. Institutional investors own 75.45% of the company's stock.

Flowers Foods Trading Down 3.3%

NYSE:FLO opened at $6.69 on Wednesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 25.73 and a beta of 0.39. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.77 and a quick ratio of 0.57. Flowers Foods, Inc. has a one year low of $6.61 and a one year high of $15.08. The company's 50-day simple moving average is $7.70 and its 200 day simple moving average is $8.18.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results 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 analysts' expectations of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. Flowers Foods's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, analysts forecast that Flowers Foods, Inc. will post 0.79 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.125 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.50 annualized dividend and a dividend yield of 7.5%. Flowers Foods's payout ratio is currently 192.31%.

Insider Buying and Selling at Flowers Foods

In other news, CFO Diego Anthony Scaglione acquired 5,000 shares of the business's stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of $7.51 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the chief financial officer directly owned 194,180 shares in the company, valued at approximately $1,458,291.80. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on FLO shares. Weiss Ratings upgraded shares of Flowers Foods from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 27th. Jefferies Financial Group set a $7.00 target price on Flowers Foods in a report on Monday, August 3rd. Zacks Research upgraded Flowers Foods from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, Stephens dropped their price target on Flowers Foods from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Monday, August 24th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $7.60.

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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