Squarepoint Ops LLC Has $4.32 Million Position in Flowers Foods, Inc. $FLO

Squarepoint Ops LLC cut its stake in Flowers Foods, Inc. (NYSE:FLO) by 42.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,125 shares of the company’s stock after selling 198,090 shares during the quarter. Squarepoint Ops LLC owned 0.13% of Flowers Foods worth $4,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new stake in Flowers Foods in the second quarter valued at approximately $28,000. Private Trust Co. NA grew its holdings in shares of Flowers Foods by 103.8% in the 2nd quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock valued at $31,000 after buying an additional 984 shares during the period. IFP Advisors Inc grew its holdings in shares of Flowers Foods by 860.2% in the 2nd quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock valued at $32,000 after buying an additional 1,772 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after buying an additional 1,001 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Flowers Foods by 4,746.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,811 shares of the company’s stock worth $45,000 after buying an additional 2,753 shares during the period. Institutional investors own 75.45% of the company’s stock.

Insider Buying and Selling

In other Flowers Foods news, CEO Ryals Mcmullian sold 350,000 shares of the firm’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 value of $4,487,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,231,380 shares in the company, valued at $15,786,291.60. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FLO shares. 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. Truist Financial cut their price objective on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.67.

Flowers Foods Stock Performance

FLO opened at $10.95 on Tuesday. The business’s 50-day moving average price is $11.64 and its two-hundred day moving average price is $14.04. Flowers Foods, Inc. has a 1 year low of $10.34 and a 1 year high of $21.23. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 11.90 and a beta of 0.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.57.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a return on equity of 16.35% and a net margin of 3.78%.Flowers Foods’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. Equities analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.2475 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.99 dividend on an annualized basis and a yield of 9.0%. Flowers Foods’s dividend payout ratio (DPR) is 107.61%.

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.