Corient Private Wealth LP Reduces Holdings in Flowers Foods, Inc. $FLO

Key Points

• Corient Private Wealth cut its Flowers Foods stake by 47.5% in the second quarter, selling 639,234 shares and retaining 706,332 shares. Institutional investors collectively own 75.45% of the company.
• Flowers Foods reported weaker-than-expected quarterly results, with $0.21 in EPS versus a $0.22 estimate and revenue of $1.19 billion versus $1.23 billion expected. Revenue declined 4% year over year, and the stock recently traded near its 52-week low.
• The company declared a quarterly dividend of $0.125, implying an annualized yield of about 8.4%. Analysts remain cautious, with an average rating of “Reduce” and a $7.60 average price target.

Corient Private Wealth LP lessened its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 47.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 706,332 shares of the company's stock after selling 639,234 shares during the quarter. Corient Private Wealth LP owned about 0.33% of Flowers Foods worth $5,580,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FLO. BlackRock Inc. bought a new position in shares of Flowers Foods in the 2nd quarter worth about $273,587,000. Gotham Asset Management LLC increased its holdings in shares of Flowers Foods by 859.6% in the 4th quarter. Gotham Asset Management LLC now owns 4,026,582 shares of the company's stock worth $43,809,000 after acquiring an additional 3,606,962 shares during the period. Bank of America Corp DE acquired a new position in Flowers Foods during the 2nd quarter valued at about $18,168,000. Norges Bank acquired a new position in shares of Flowers Foods during the fourth quarter worth approximately $21,680,000. Finally, Bank of New York Mellon Corp bought a new position in Flowers Foods in the 2nd quarter worth approximately $12,070,000. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Trading Down 2.5%

Shares of FLO opened at $5.94 on Friday. The stock has a fifty day moving average price of $7.18 and a two-hundred day moving average price of $7.84. Flowers Foods, Inc. has a 52-week low of $5.86 and a 52-week high of $13.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.77. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 22.83 and a beta of 0.39.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%.The business's revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Analysts predict that Flowers Foods, Inc. will post 0.8 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Friday, September 11th. Flowers Foods's dividend payout ratio is currently 192.31%.

Analyst Upgrades and Downgrades

FLO has been the topic of several research analyst reports. Jefferies Financial Group set a $7.00 target price on shares of Flowers Foods in a research note on Monday, August 3rd. Weiss Ratings raised Flowers Foods from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 27th. Zacks Research cut shares of Flowers Foods from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Finally, Stephens lowered their price objective on shares of Flowers Foods from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Monday, August 24th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $7.60.

About Flowers Foods

Flowers Foods, Inc is a U.S.-based producer and distributor of packaged bakery foods. The company makes breads, buns, rolls, snack cakes, tortillas and related baked goods for retail, foodservice and other commercial customers.

Its portfolio includes nationally recognized brands such as Nature's Own, Dave's Killer Bread, Wonder, Tastykake, Canyon Bakehouse and Mrs. Freshley's. Flowers Foods also supplies baked goods through regional and local brands, serving grocery stores, mass merchants, club retailers, restaurants and foodservice distributors.

Founded in 1919 and headquartered in Thomasville, Georgia, Flowers Foods operates bakeries and distribution facilities across the United States.

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