Comerica Bank Has $1.85 Million Stock Holdings in Flowers Foods, Inc. $FLO

Comerica Bank increased its holdings in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 23.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,463 shares of the company's stock after purchasing an additional 18,208 shares during the quarter. Comerica Bank's holdings in Flowers Foods were worth $1,853,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Flowers Foods during the 4th quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB increased its stake in Flowers Foods by 617.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock worth $32,000 after purchasing an additional 1,463 shares in the last quarter. UMB Bank n.a. increased its stake in Flowers Foods by 2,191.6% during the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock worth $41,000 after purchasing an additional 2,082 shares in the last quarter. Allworth Financial LP increased its stake in Flowers Foods by 904.8% during the 1st quarter. Allworth Financial LP now owns 2,502 shares of the company's stock worth $45,000 after purchasing an additional 2,253 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Flowers Foods by 63.1% during the 1st quarter. TD Private Client Wealth LLC now owns 3,739 shares of the company's stock worth $71,000 after acquiring an additional 1,446 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Up 1.2%

Shares of NYSE:FLO traded up $0.18 during midday trading on Friday, hitting $14.81. The stock had a trading volume of 4,522,578 shares, compared to its average volume of 3,275,728. Flowers Foods, Inc. has a 12 month low of $14.42 and a 12 month high of $23.87. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23. The business's 50-day simple moving average is $15.77 and its 200-day simple moving average is $17.02. The company has a market cap of $3.13 billion, a P/E ratio of 14.24 and a beta of 0.29.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results 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. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the business earned $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. On average, sell-side analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid 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 6.7%. Flowers Foods's dividend payout ratio (DPR) is currently 95.19%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FLO. Jefferies Financial Group decreased their price target on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, May 16th. DA Davidson reaffirmed a "neutral" rating and set a $15.00 price target on shares of Flowers Foods in a research note on Monday, August 18th. Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. Finally, Truist Financial decreased their price target on shares of Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research note on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Flowers Foods presently has an average rating of "Hold" and an average target price of $15.33.

Flowers Foods Company 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.