Flowers Foods, Inc. $FLO Shares Sold by Amundi

Key Points

• Amundi cut its Flowers Foods stake by 84.9% in the first quarter, selling 134,008 shares and retaining 23,896 shares valued at approximately $195,000. Institutional investors still own 75.45% of the company.
• Flowers Foods reported quarterly EPS of $0.29, slightly above expectations, while revenue of $1.57 billion fell just short of forecasts. The company maintained fiscal 2026 EPS guidance of $0.80 to $0.90.
• Shares opened at $7.50, near the lower end of their 52-week range, while analysts’ consensus rating is “Reduce” with a $9.17 price target. The stock pays a $0.50 annualized dividend, yielding 6.7%, but its 142.86% payout ratio raises sustainability concerns.

Amundi lowered its holdings in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 84.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,896 shares of the company's stock after selling 134,008 shares during the quarter. Amundi's holdings in Flowers Foods were worth $195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC lifted its stake in Flowers Foods by 71.9% during the first quarter. Parvin Asset Management LLC now owns 22,300 shares of the company's stock worth $182,000 after purchasing an additional 9,325 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Flowers Foods by 561.0% in the first quarter. EverSource Wealth Advisors LLC now owns 45,262 shares of the company's stock valued at $369,000 after purchasing an additional 38,414 shares during the last quarter. California State Teachers Retirement System raised its holdings in Flowers Foods by 30.3% during the first quarter. California State Teachers Retirement System now owns 242,715 shares of the company's stock worth $1,978,000 after purchasing an additional 56,484 shares in the last quarter. Royal Bank of Canada raised its holdings in Flowers Foods by 107.5% during the first quarter. Royal Bank of Canada now owns 109,648 shares of the company's stock worth $893,000 after purchasing an additional 56,805 shares in the last quarter. Finally, Measured Risk Portfolios Inc. lifted its position in shares of Flowers Foods by 457.1% during the 1st quarter. Measured Risk Portfolios Inc. now owns 213,007 shares of the company's stock worth $1,736,000 after buying an additional 174,771 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Stock Down 0.4%

FLO stock opened at $7.50 on Friday. The company's 50 day simple moving average is $7.82 and its 200-day simple moving average is $8.56. The firm has a market capitalization of $1.59 billion, a PE ratio of 21.44 and a beta of 0.40. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.77 and a quick ratio of 0.57. Flowers Foods, Inc. has a 12 month low of $6.80 and a 12 month high of $16.19.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.58 billion. Flowers Foods had a return on equity of 15.98% and a net margin of 1.38%.The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Equities analysts expect that Flowers Foods, Inc. will post 0.85 earnings per share for the current fiscal year.

Flowers Foods Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.7%. Flowers Foods's payout ratio is currently 142.86%.

Insider Buying and Selling

In other Flowers Foods news, CFO Diego Anthony Scaglione bought 5,000 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of $7.51 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the chief financial officer owned 194,180 shares of the company's stock, valued at $1,458,291.80. This trade represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FLO. Weiss Ratings cut shares of Flowers Foods from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday. Stephens cut their price target on shares of Flowers Foods from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, May 18th. Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Zacks Research upgraded shares of Flowers Foods from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group set a $7.00 target price on Flowers Foods in a research report on Monday, August 3rd. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Flowers Foods has a consensus rating of "Reduce" and a consensus price target of $9.17.

About Flowers Foods

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.

Want to see what other hedge funds are holding FLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowers Foods, Inc. (NYSE:FLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source