Flowers Foods (NYSE:FLO) CEO Sells $4,487,000.00 in Stock

Key Points

• Flowers Foods CEO Ryals Mcmullian sold 350,000 shares of the company's stock for approximately $4.49 million, reducing his ownership by 22.13% to about 1.23 million shares.
• The company's stock is currently valued at $12.74 with a market cap of $2.69 billion, having experienced a trading volume significantly above its average.
• Flowers Foods reported earnings of $0.30 per share, slightly exceeding analyst expectations, and declared a quarterly dividend yielding 7.8% with a high payout ratio of 95.19%.

Flowers Foods, Inc. (NYSE:FLO - Get Free Report) CEO Ryals Mcmullian sold 350,000 shares of Flowers Foods stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the completion of the sale, the chief executive officer 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 SEC, which is available at this hyperlink.

Flowers Foods Stock Performance

Shares of FLO traded down $0.03 during midday trading on Friday, reaching $12.74. The stock had a trading volume of 4,244,871 shares, compared to its average volume of 2,747,719. The firm has a market cap of $2.69 billion, a PE ratio of 12.25 and a beta of 0.29. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23. The firm has a 50 day simple moving average of $15.14 and a 200-day simple moving average of $16.53. Flowers Foods, Inc. has a one year low of $12.69 and a one year high of $23.44.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its 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 business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. Flowers Foods's revenue was up 1.5% compared to the same quarter last year. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Announces Dividend

The business also recently disclosed 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. This represents a $0.99 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Friday, September 5th. Flowers Foods's dividend payout ratio is currently 95.19%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLO. Moran Wealth Management LLC lifted its stake in shares of Flowers Foods by 0.3% in the first quarter. Moran Wealth Management LLC now owns 191,278 shares of the company's stock valued at $3,636,000 after buying an additional 570 shares in the last quarter. ICW Investment Advisors LLC increased its stake in Flowers Foods by 1.0% in the 1st quarter. ICW Investment Advisors LLC now owns 59,492 shares of the company's stock valued at $1,131,000 after buying an additional 598 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Flowers Foods by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company's stock worth $604,000 after buying an additional 620 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Flowers Foods by 2.3% during the 1st quarter. Voya Investment Management LLC now owns 32,040 shares of the company's stock worth $609,000 after buying an additional 712 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in shares of Flowers Foods by 7.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 11,245 shares of the company's stock worth $180,000 after buying an additional 764 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. DA Davidson reiterated a "neutral" rating and set a $15.00 price objective on shares of Flowers Foods in a research report on Monday, August 18th. Truist Financial lowered their price objective 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. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Flowers Foods presently has a consensus rating of "Hold" and a consensus price target 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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