Campbell & CO Investment Adviser LLC Buys New Holdings in Flowers Foods, Inc. $FLO

Key Points

• Campbell & CO Investment Adviser LLC has acquired 119,156 shares of Flowers Foods, valued at approximately $2.27 million, increasing its ownership to about 0.06% of the company.
• Several prominent investors, including Charles Schwab Investment Management and Wealth Enhancement Advisory Services, have significantly increased their stakes in Flowers Foods, indicating strong institutional interest.
• Flowers Foods announced a quarterly dividend of $0.2475 per share, yielding around 6.3%, with a current dividend payout ratio of 95.19%.

Campbell & CO Investment Adviser LLC bought a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 119,156 shares of the company's stock, valued at approximately $2,265,000. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Flowers Foods as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Flowers Foods in the 4th quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flowers Foods in the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Flowers Foods by 617.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock valued at $32,000 after purchasing an additional 1,463 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Flowers Foods by 2,191.6% during the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock valued at $41,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Flowers Foods by 904.8% during the 1st quarter. Allworth Financial LP now owns 2,502 shares of the company's stock valued at $45,000 after acquiring an additional 2,253 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Trading Up 0.9%

FLO traded up $0.14 during midday trading on Friday, hitting $15.05. 2,272,116 shares of the company were exchanged, compared to its average volume of 2,967,887. The firm has a market capitalization of $3.18 billion, a P/E ratio of 14.47 and a beta of 0.32. Flowers Foods, Inc. has a 1-year low of $14.74 and a 1-year high of $23.87. The firm's 50 day moving average price is $15.89 and its 200-day moving average price is $17.17. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23.

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

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a $0.2475 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 6.6%. Flowers Foods's dividend payout ratio (DPR) is 95.19%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial cut their price objective on Flowers Foods from $20.00 to $15.00 and set a "hold" rating on the stock in a report on Monday, August 18th. Wall Street Zen downgraded Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. DA Davidson reissued a "neutral" rating and set a $15.00 price objective on shares of Flowers Foods in a report on Monday, August 18th. Finally, Jefferies Financial Group lowered their target price on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.33.

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.