Flowers Foods, Inc. (NYSE:FLO) Stake Raised by Tyler Stone Wealth Management

Key Points

• Tyler Stone Wealth Management increased its stake in Flowers Foods by 84.2%, now owning 68,700 shares valued at approximately $1.3 million.
• Flowers Foods recently raised its quarterly dividend to $0.2475 per share, which represents a 6.3% yield with a payout ratio of 91.67%.
• Shares of Flowers Foods opened at $15.72 and have shown a twelve-month low of $15.27 and a high of $23.87, with earnings per share reported at $0.30, surpassing estimates.

Tyler Stone Wealth Management boosted its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 84.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,700 shares of the company's stock after buying an additional 31,400 shares during the period. Tyler Stone Wealth Management's holdings in Flowers Foods were worth $1,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLO. Charles Schwab Investment Management Inc. raised its holdings in Flowers Foods by 270.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,449,240 shares of the company's stock worth $141,610,000 after buying an additional 5,437,735 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Flowers Foods by 28.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,381,444 shares of the company's stock worth $90,521,000 after buying an additional 965,097 shares during the period. Gotham Asset Management LLC raised its holdings in Flowers Foods by 136.4% during the 4th quarter. Gotham Asset Management LLC now owns 813,886 shares of the company's stock worth $16,815,000 after buying an additional 469,652 shares during the period. Dimensional Fund Advisors LP grew its stake in Flowers Foods by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,299,631 shares of the company's stock valued at $88,829,000 after acquiring an additional 428,963 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Flowers Foods by 3,837.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 342,067 shares of the company's stock valued at $6,503,000 after acquiring an additional 333,379 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Insider Activity at Flowers Foods

In related news, Director Thomas Caldecot Chubb III bought 3,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $16.88 per share, with a total value of $50,640.00. Following the completion of the transaction, the director directly owned 45,861 shares of the company's stock, valued at $774,133.68. This trade represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Jameson Mcfadden bought 3,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $16.92 per share, with a total value of $50,760.00. Following the transaction, the director directly owned 532,476 shares of the company's stock, valued at approximately $9,009,493.92. This trade represents a 0.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 12,000 shares of company stock valued at $202,440. 11.57% of the stock is currently owned by corporate insiders.

Flowers Foods Price Performance

Shares of FLO opened at $15.72 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 14.56 and a beta of 0.32. The firm's 50 day moving average price is $16.05 and its 200 day moving average price is $17.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.26. Flowers Foods, Inc. has a twelve month low of $15.27 and a twelve month high of $23.87.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. Flowers Foods had a net margin of 4.49% and a return on equity of 18.91%. The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. As a group, research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were given a dividend of $0.2475 per share. The ex-dividend date of this dividend was Thursday, June 5th. This is a boost from Flowers Foods's previous quarterly dividend of $0.24. This represents a $0.99 annualized dividend and a yield of 6.3%. Flowers Foods's payout ratio is 91.67%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FLO. Jefferies Financial Group lowered their target price on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. Wall Street Zen cut Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.

About Flowers Foods

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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