Capital Fund Management S.A. Purchases New Position in Flowers Foods, Inc. $FLO

Key Points

• Capital Fund Management S.A. has acquired a new stake in Flowers Foods, Inc. (NYSE:FLO), purchasing 49,317 shares valued at approximately $938,000.
• Flowers Foods reported earnings of $0.30 EPS for the last quarter, exceeding analysts' expectations, but fell short on revenue with $1.24 billion reported against expectations of $1.27 billion.
• The company will pay a quarterly dividend of $0.2475 on September 19th, which represents an annualized yield of 6.7% with a payout ratio of 95.19%.

Capital Fund Management S.A. bought a new position in Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 49,317 shares of the company's stock, valued at approximately $938,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Flowers Foods during the fourth quarter valued at $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Flowers Foods by 617.3% during the first 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. lifted its holdings in shares of Flowers Foods by 2,191.6% during the first quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock valued at $41,000 after purchasing an additional 2,082 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Flowers Foods by 904.8% during the first quarter. Allworth Financial LP now owns 2,502 shares of the company's stock valued at $45,000 after purchasing an additional 2,253 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Flowers Foods by 63.1% during the first quarter. TD Private Client Wealth LLC now owns 3,739 shares of the company's stock valued at $71,000 after purchasing an additional 1,446 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

Flowers Foods Price Performance

Shares of NYSE:FLO traded up $0.14 during trading on Friday, hitting $15.05. 2,272,116 shares of the company's stock were exchanged, compared to its average volume of 2,967,887. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.26 and a quick ratio of 0.90. Flowers Foods, Inc. has a 52-week low of $14.74 and a 52-week high of $23.87. The business's 50-day simple moving average is $15.89 and its 200 day simple moving average is $17.17. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 14.47 and a beta of 0.32.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results on Friday, August 15th. The company reported $0.30 earnings per share (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 during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the business posted $0.36 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, equities 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 will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.2475 per share. The ex-dividend date 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 currently 95.19%.

Analyst Ratings Changes

A number of analysts recently commented on FLO shares. DA Davidson reiterated a "neutral" rating and set a $15.00 price objective on shares of Flowers Foods in a research report on Monday, August 18th. Jefferies Financial Group reduced their price objective 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. Wall Street Zen cut Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Finally, Truist Financial reduced their price objective on Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.33.

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.