Deutsche Bank AG Takes Position in Flowers Foods, Inc. $FLO

Key Points

• Deutsche Bank acquired 210,838 Flowers Foods shares worth approximately $1.67 million, while institutional investors collectively own 75.45% of the company.
• Flowers Foods reported weaker-than-expected quarterly results, with EPS of $0.21 versus $0.22 expected and revenue down 4% year over year to $1.19 billion. Analysts maintain a cautious outlook, with an average “Reduce” rating and a $7.60 consensus price target.
• The company declared a quarterly dividend of $0.125 per share, equal to $0.50 annually and a roughly 7.0% yield; however, its dividend payout ratio is high at 192.31%.

Deutsche Bank AG acquired a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 210,838 shares of the company's stock, valued at approximately $1,666,000. Deutsche Bank AG owned 0.10% of Flowers Foods as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of FLO. Vanguard Group Inc. boosted its holdings in Flowers Foods by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 21,091,556 shares of the company's stock valued at $229,476,000 after purchasing an additional 736,624 shares during the period. Commonwealth Equity Services LLC increased its holdings in Flowers Foods by 1,515.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 357,726 shares of the company's stock worth $3,892,000 after purchasing an additional 335,582 shares during the period. Bank of America Corp DE increased its holdings in Flowers Foods by 21.1% during the 1st quarter. Bank of America Corp DE now owns 1,862,467 shares of the company's stock worth $15,179,000 after purchasing an additional 324,229 shares during the period. Y Intercept Hong Kong Ltd raised its position in Flowers Foods by 144.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 341,394 shares of the company's stock valued at $2,782,000 after purchasing an additional 201,946 shares in the last quarter. Finally, Measured Risk Portfolios Inc. raised its position in Flowers Foods by 457.1% in the 1st quarter. Measured Risk Portfolios Inc. now owns 213,007 shares of the company's stock valued at $1,736,000 after purchasing an additional 174,771 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Price Performance

Shares of FLO opened at $7.11 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.77 and a quick ratio of 0.57. Flowers Foods, Inc. has a 1-year low of $6.80 and a 1-year high of $15.14. The stock has a market cap of $1.51 billion, a PE ratio of 27.35 and a beta of 0.40. The firm has a fifty day moving average price of $7.73 and a 200 day moving average price of $8.27.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%.The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business posted $0.28 EPS. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, sell-side analysts anticipate that Flowers Foods, Inc. will post 0.79 EPS for the current year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, September 11th. Flowers Foods's dividend payout ratio (DPR) is currently 192.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FLO. Zacks Research raised Flowers Foods from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 21st. Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a report on Sunday, May 3rd. Jefferies Financial Group set a $7.00 price target on shares of Flowers Foods in a research note on Monday, August 3rd. Stephens lowered their price target on shares of Flowers Foods from $8.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Weiss Ratings downgraded shares of Flowers Foods from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Flowers Foods has an average rating of "Reduce" and a consensus target price of $7.60.

Insider Transactions at Flowers Foods

In other news, CFO Diego Anthony Scaglione purchased 5,000 shares of the business's stock in a transaction on Monday, June 8th. The shares were bought at an average price of $7.51 per share, with a total value of $37,550.00. Following the completion of the transaction, the chief financial officer directly owned 194,180 shares in the company, valued at approximately $1,458,291.80. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.23% of the stock is owned by corporate insiders.

Flowers Foods Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature's Own, Wonder, Dave's Killer Bread, Mrs.

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