Tyler Stone Wealth Management Acquires 31,400 Shares of Flowers Foods, Inc. $FLO

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 position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 84.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,700 shares of the company's stock after buying an additional 31,400 shares during the quarter. Tyler Stone Wealth Management's holdings in Flowers Foods were worth $1,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. raised its stake in shares of Flowers Foods by 15.7% in the 1st quarter. Measured Risk Portfolios Inc. now owns 89,465 shares of the company's stock valued at $1,701,000 after purchasing an additional 12,141 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Flowers Foods by 26.8% during the 1st quarter. Russell Investments Group Ltd. now owns 29,557 shares of the company's stock valued at $562,000 after buying an additional 6,240 shares during the last quarter. Nuveen LLC bought a new stake in shares of Flowers Foods during the 1st quarter valued at about $6,134,000. CCM Investment Group LLC bought a new position in Flowers Foods in the 1st quarter worth about $476,000. Finally, Aigen Investment Management LP bought a new position in Flowers Foods in the 1st quarter worth about $573,000. Institutional investors and hedge funds own 75.45% of the company's stock.

Flowers Foods Price Performance

FLO stock traded down $0.2050 on Thursday, hitting $15.5050. 792,446 shares of the company's stock traded hands, compared to its average volume of 2,448,977. Flowers Foods, Inc. has a 1-year low of $15.27 and a 1-year high of $23.87. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 14.92 and a beta of 0.32. The stock has a fifty day moving average of $16.00 and a 200-day moving average of $17.37. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results 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 business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $0.36 earnings per share. The business's quarterly 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, analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on FLO shares. Truist Financial decreased their target price on shares of Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research report on Monday. DA Davidson restated a "neutral" rating and issued a $15.00 target price on shares of Flowers Foods in a research report on Monday. Jefferies Financial Group decreased their target price on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Finally, Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.33.

Insider Activity at Flowers Foods

In other news, Director William Jameson Mcfadden purchased 3,000 shares of Flowers Foods stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $16.92 per share, for a total transaction of $50,760.00. Following the transaction, the director owned 532,476 shares in the company, valued at $9,009,493.92. The trade was a 0.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George E. Deese bought 6,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $16.84 per share, with a total value of $101,040.00. Following the transaction, the director owned 2,004,990 shares in the company, valued at approximately $33,764,031.60. This represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 12,000 shares of company stock worth $202,440. 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.