Sequoia Financial Advisors LLC Purchases Shares of 43,943 Flowers Foods, Inc. $FLO

Key Points

• Sequoia Financial Advisors LLC acquired 43,943 shares of Flowers Foods, Inc. ($FLO), valued at approximately $702,000, indicating a growing interest from institutional investors.
• Insider Cindy Cox sold 3,600 shares at $15.00 each, while CEO Ryals Mcmullian sold 350,000 shares at $12.82, reflecting notable decreases in their holdings.
• Flowers Foods declared a quarterly dividend of $0.2475 per share, yielding 7.8%, with a payout ratio of 95.19%, highlighting the company's commitment to returning value to shareholders amid fluctuations in its stock price.

Sequoia Financial Advisors LLC purchased a new stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,943 shares of the company's stock, valued at approximately $702,000.

A number of other institutional investors have also made changes to their positions in FLO. IFP Advisors Inc increased its position in shares of Flowers Foods by 860.2% during the second quarter. IFP Advisors Inc now owns 1,978 shares of the company's stock valued at $32,000 after acquiring an additional 1,772 shares during the last quarter. Allworth Financial LP increased its position in shares of Flowers Foods by 904.8% during the first quarter. Allworth Financial LP now owns 2,502 shares of the company's stock valued at $45,000 after acquiring an additional 2,253 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Flowers Foods by 278.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,917 shares of the company's stock valued at $47,000 after acquiring an additional 2,147 shares during the last quarter. UMB Bank n.a. increased its position in shares of Flowers Foods by 54.2% during the second quarter. UMB Bank n.a. now owns 3,357 shares of the company's stock valued at $54,000 after acquiring an additional 1,180 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Flowers Foods by 63.1% during the first quarter. TD Private Client Wealth LLC now owns 3,739 shares of the company's stock valued at $71,000 after acquiring an additional 1,446 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Flowers Foods

In other Flowers Foods news, insider Cindy Cox sold 3,600 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 16,994 shares in the company, valued at $254,910. The trade was a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryals Mcmullian sold 350,000 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the transaction, the chief executive officer owned 1,231,380 shares of the company's stock, valued at $15,786,291.60. This trade represents a 22.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.57% of the company's stock.

Flowers Foods Trading Up 1.3%

NYSE FLO opened at $12.77 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.26 and a debt-to-equity ratio of 1.23. Flowers Foods, Inc. has a 52 week low of $12.42 and a 52 week high of $23.09. The stock has a market capitalization of $2.70 billion, a PE ratio of 12.28 and a beta of 0.27. The firm has a 50 day moving average of $14.09 and a two-hundred day moving average of $15.87.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, topping 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 company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The firm'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. As a group, research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a yield of 7.8%. The ex-dividend date was Friday, September 5th. Flowers Foods's payout ratio is 95.19%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FLO shares. Truist Financial dropped their price target 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, August 18th. Weiss Ratings restated a "sell (d+)" rating on shares of Flowers Foods in a report on Wednesday, October 8th. Finally, DA Davidson restated a "neutral" rating and issued a $15.00 price objective on shares of Flowers Foods in a report on Monday, August 18th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $15.33.

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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