Boston Trust Walden Corp Has $38.75 Million Position in Flowers Foods, Inc. $FLO

Key Points

• Boston Trust Walden Corp increased its position in Flowers Foods, Inc. by 7.3% during the second quarter, acquiring an additional 164,186 shares, bringing its total to 2,424,817 shares valued at approximately $38.75 million.
• Several institutional investors, including CWM LLC and Vanguard Personalized Indexing Management LLC, made significant increases in their stakes during the same period, contributing to a total institutional ownership of 75.45% of the company's stock.
• Flowers Foods recently announced a quarterly dividend of $0.2475 per share, representing an annualized dividend yield of 7.8%, while the company reported earnings per share of $0.30 for the last quarter, exceeding analyst estimates.

Boston Trust Walden Corp increased its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,424,817 shares of the company's stock after buying an additional 164,186 shares during the quarter. Boston Trust Walden Corp owned 1.15% of Flowers Foods worth $38,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC acquired a new stake in Flowers Foods during the 2nd quarter valued at approximately $185,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Flowers Foods during the 2nd quarter worth approximately $702,000. CWM LLC grew its position in shares of Flowers Foods by 339.8% during the 2nd quarter. CWM LLC now owns 25,917 shares of the company's stock worth $414,000 after buying an additional 20,024 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Flowers Foods by 32.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 75,776 shares of the company's stock worth $1,211,000 after buying an additional 18,729 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Flowers Foods by 36.2% during the 2nd quarter. Inspire Investing LLC now owns 24,493 shares of the company's stock worth $391,000 after buying an additional 6,507 shares during the period. Institutional investors and hedge funds own 75.45% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryals Mcmullian sold 350,000 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $12.82, for a total value of $4,487,000.00. Following the sale, the chief executive officer directly owned 1,231,380 shares in the company, valued at approximately $15,786,291.60. The trade was a 22.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cindy Cox sold 3,600 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the sale, the insider owned 16,994 shares in the company, valued at $254,910. This represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson reaffirmed a "neutral" rating and set a $15.00 price objective on shares of Flowers Foods in a research report on Monday, August 18th. Truist Financial reduced their price objective on shares of Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Flowers Foods in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $15.33.

Flowers Foods Stock Performance

NYSE FLO opened at $12.70 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $14.31 and a 200 day simple moving average of $16.00. Flowers Foods, Inc. has a 12-month low of $12.42 and a 12-month high of $23.44. The company has a market cap of $2.68 billion, a P/E ratio of 12.21 and a beta of 0.27.

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

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Friday, September 5th. Flowers Foods's payout ratio is presently 95.19%.

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.

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