Flowers Foods, Inc. $FLO Stock Position Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 85.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,805 shares of the company's stock after selling 120,485 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Flowers Foods were worth $332,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its position in Flowers Foods by 2,191.6% in the 1st 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 during the last quarter. Allworth Financial LP lifted its holdings in shares of Flowers Foods by 904.8% in 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. TD Private Client Wealth LLC raised its holdings in Flowers Foods by 63.1% during the first 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. NBC Securities Inc. bought a new stake in Flowers Foods in the first quarter valued at approximately $97,000. Finally, Blue Trust Inc. grew its position in shares of Flowers Foods by 114.9% in the first quarter. Blue Trust Inc. now owns 5,829 shares of the company's stock valued at $111,000 after purchasing an additional 3,116 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Trading Down 1.3%

NYSE:FLO opened at $12.61 on Thursday. Flowers Foods, Inc. has a 52 week low of $12.42 and a 52 week high of $23.44. 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 company's 50 day moving average price is $14.58 and its 200-day moving average price is $16.18. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 12.13 and a beta of 0.27.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, August 15th. The company reported $0.30 EPS 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 firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $0.36 EPS. The company'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, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a dividend of $0.2475 per share. The ex-dividend date was Friday, September 5th. This represents a $0.99 dividend on an annualized basis and a yield of 7.9%. Flowers Foods's dividend payout ratio is presently 95.19%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial reduced their target price on Flowers Foods from $20.00 to $15.00 and set a "hold" rating on the stock in a report on Monday, August 18th. DA Davidson reiterated a "neutral" rating and set a $15.00 price target on shares of Flowers Foods in a research note on Monday, August 18th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Flowers Foods in a report on Wednesday. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $15.33.

Insider Buying and Selling at Flowers Foods

In related news, CEO Ryals Mcmullian sold 350,000 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the sale, the chief executive officer directly owned 1,231,380 shares of the company's stock, valued at approximately $15,786,291.60. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Cindy Cox sold 3,600 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total transaction of $54,000.00. Following the transaction, the insider directly owned 16,994 shares in the company, valued at approximately $254,910. The trade was a 17.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.57% of the stock is owned by corporate insiders.

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.

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