BlackRock Inc. Buys New Shares in Flowers Foods, Inc. $FLO

BlackRock Inc. bought a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,631,216 shares of the company's stock, valued at approximately $273,587,000. BlackRock Inc. owned approximately 16.34% of Flowers Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its stake in shares of Flowers Foods by 225.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company's stock worth $31,000 after acquiring an additional 1,663 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Flowers Foods by 64.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company's stock valued at $41,000 after purchasing an additional 1,001 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Flowers Foods by 140.7% during the fourth quarter. IFP Advisors Inc now owns 3,025 shares of the company's stock valued at $33,000 after purchasing an additional 1,768 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Flowers Foods by 151.2% in the 4th quarter. Fifth Third Bancorp now owns 3,050 shares of the company's stock valued at $33,000 after purchasing an additional 1,836 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Flowers Foods by 176.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,070 shares of the company's stock valued at $33,000 after purchasing an additional 1,958 shares during the period. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Trading Up 1.0%

Flowers Foods stock opened at $7.18 on Thursday. Flowers Foods, Inc. has a 12 month low of $6.80 and a 12 month high of $15.14. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.52 billion, a P/E ratio of 27.62 and a beta of 0.40. The company's fifty day simple moving average is $7.76 and its 200-day simple moving average is $8.31.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly 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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, sell-side analysts forecast that Flowers Foods, Inc. will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLO has been the topic of several recent analyst reports. Weiss Ratings downgraded Flowers Foods from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 13th. Zacks Research raised shares of Flowers Foods from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 21st. Wall Street Zen lowered shares of Flowers Foods from a "buy" rating to a "hold" rating in a report on Sunday, May 3rd. Stephens reduced their price target on shares of Flowers Foods from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Jefferies Financial Group set a $7.00 price objective on shares of Flowers Foods in a research note on Monday, August 3rd. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $7.60.

Insider Activity at Flowers Foods

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

About Flowers Foods

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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