Southeast Asset Advisors LLC Has $58.44 Million Stake in Flowers Foods, Inc. $FLO

Key Points

• Southeast Asset Advisors LLC owns approximately $58.44 million worth of Flowers Foods, Inc. stock, which represents 7.2% of its holdings, after a slight decrease in its position during Q1.
• Flowers Foods reported a net margin of 4.30% with earnings of $0.30 per share for the last quarter, surpassing analysts' expectations.
• The company recently announced a quarterly dividend of $0.2475 per share, translating to an annual yield of 6.3% with a dividend payout ratio of 95.19%.

Southeast Asset Advisors LLC lessened its position in Flowers Foods, Inc. (NYSE:FLO - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,074,219 shares of the company's stock after selling 28,204 shares during the period. Flowers Foods comprises 7.2% of Southeast Asset Advisors LLC's portfolio, making the stock its 4th largest holding. Southeast Asset Advisors LLC owned about 1.46% of Flowers Foods worth $58,441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FLO. Canada Pension Plan Investment Board bought a new stake in shares of Flowers Foods in the 4th quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Flowers Foods during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in Flowers Foods by 617.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock valued at $32,000 after acquiring an additional 1,463 shares during the period. UMB Bank n.a. boosted its holdings in shares of Flowers Foods by 2,191.6% during the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock valued at $41,000 after acquiring an additional 2,082 shares during the last quarter. Finally, Allworth Financial LP grew its stake 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 worth $45,000 after acquiring an additional 2,253 shares during the period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FLO shares. Truist Financial dropped their target price on shares of 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 reaffirmed a "neutral" rating and set a $15.00 target price on shares of Flowers Foods in a report on Monday, August 18th. Wall Street Zen downgraded shares of Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group reduced their price objective on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.33.

Flowers Foods Price Performance

Shares of Flowers Foods stock traded up $0.26 on Wednesday, hitting $15.10. 3,384,917 shares of the company traded hands, compared to its average volume of 2,910,079. Flowers Foods, Inc. has a 52 week low of $14.75 and a 52 week high of $23.87. The business has a 50-day simple moving average of $15.93 and a 200 day simple moving average of $17.23. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26. The stock has a market capitalization of $3.19 billion, a P/E ratio of 14.51 and a beta of 0.32.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results 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 company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.27 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. Flowers Foods's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. Research analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, September 5th. Flowers Foods's dividend payout ratio is 95.19%.

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.