HB Wealth Management LLC Acquires 31,270 Shares of Flowers Foods, Inc. $FLO

Key Points

• HB Wealth Management LLC significantly increased its stake in Flowers Foods, Inc. by 228.0%, acquiring an additional 31,270 shares, bringing its total holdings to 44,983 shares valued at approximately $719,000.
• CEO Ryals Mcmullian sold 350,000 shares of the company for about $4.49 million, reducing his ownership by 22.13%, while 11.57% of the stock is currently held by insiders.
• Flowers Foods recently announced a quarterly dividend of $0.2475 per share, resulting in an annualized yield of 7.5% and a payout ratio of 95.19%.

HB Wealth Management LLC raised its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 228.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,983 shares of the company's stock after purchasing an additional 31,270 shares during the quarter. HB Wealth Management LLC's holdings in Flowers Foods were worth $719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Flowers Foods by 2,191.6% during the first quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock worth $41,000 after purchasing an additional 2,082 shares during the period. Allworth Financial LP lifted its holdings in Flowers Foods by 904.8% during the first quarter. Allworth Financial LP now owns 2,502 shares of the company's stock worth $45,000 after acquiring an additional 2,253 shares during the period. TD Private Client Wealth LLC increased its position in Flowers Foods by 63.1% in the first quarter. TD Private Client Wealth LLC now owns 3,739 shares of the company's stock worth $71,000 after buying an additional 1,446 shares during the last quarter. NBC Securities Inc. purchased a new stake in Flowers Foods in the first quarter worth $97,000. Finally, Blue Trust Inc. increased its position in Flowers Foods by 114.9% in the first quarter. Blue Trust Inc. now owns 5,829 shares of the company's stock worth $111,000 after buying an additional 3,116 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Insider Buying and Selling at Flowers Foods

In other news, CEO Ryals Mcmullian sold 350,000 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $12.82, for a total value of $4,487,000.00. Following the transaction, the chief executive officer directly owned 1,231,380 shares in the company, valued at $15,786,291.60. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cindy Cox sold 3,600 shares of Flowers Foods stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the sale, the insider directly owned 16,994 shares in the company, valued at $254,910. This trade represents 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 currently owned by insiders.

Flowers Foods Stock Up 1.1%

Flowers Foods stock opened at $13.16 on Friday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 12.65 and a beta of 0.27. The stock has a fifty day simple moving average of $14.78 and a two-hundred day simple moving average of $16.28. Flowers Foods, Inc. has a 12 month low of $12.42 and a 12 month high of $23.44. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.27 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. Equities analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a dividend of $0.2475 per share. The ex-dividend date was Friday, September 5th. This represents a $0.99 annualized dividend and a yield of 7.5%. Flowers Foods's payout ratio is 95.19%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FLO. Truist Financial reduced their price target on Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research report on Monday, August 18th. DA Davidson reissued a "neutral" rating and issued a $15.00 target price on shares of Flowers Foods in a research note on Monday, August 18th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Flowers Foods in a report on Saturday, September 27th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Flowers Foods presently has an average rating of "Reduce" and an average target price of $15.33.

Flowers Foods Company 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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