Allen Mooney & Barnes Investment Advisors LLC Purchases 741,780 Shares of Flowers Foods, Inc. $FLO

Allen Mooney & Barnes Investment Advisors LLC boosted its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 382.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 935,708 shares of the company’s stock after purchasing an additional 741,780 shares during the period. Flowers Foods makes up about 1.9% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 26th biggest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Flowers Foods were worth $12,211,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FLO. State Street Corp lifted its stake in shares of Flowers Foods by 6.3% in the second quarter. State Street Corp now owns 10,245,714 shares of the company’s stock worth $163,727,000 after buying an additional 602,920 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Flowers Foods by 3.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,701,163 shares of the company’s stock valued at $123,065,000 after acquiring an additional 251,923 shares in the last quarter. First Trust Advisors LP raised its holdings in Flowers Foods by 9.6% in the 2nd quarter. First Trust Advisors LP now owns 3,850,295 shares of the company’s stock worth $61,528,000 after acquiring an additional 337,399 shares during the last quarter. Invesco Ltd. lifted its position in Flowers Foods by 4.6% in the 2nd quarter. Invesco Ltd. now owns 2,910,525 shares of the company’s stock valued at $46,510,000 after acquiring an additional 127,669 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in Flowers Foods by 7.3% in the 2nd quarter. Boston Trust Walden Corp now owns 2,424,817 shares of the company’s stock valued at $38,749,000 after acquiring an additional 164,186 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Price Performance

NYSE FLO opened at $10.85 on Thursday. The company has a 50-day moving average price of $11.40 and a 200-day moving average price of $13.78. Flowers Foods, Inc. has a 52 week low of $10.34 and a 52 week high of $20.92. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2.29 billion, a P/E ratio of 11.79 and a beta of 0.33.

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

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.2475 dividend. This represents a $0.99 annualized dividend and a dividend yield of 9.1%. The ex-dividend date was Friday, November 28th. Flowers Foods’s dividend payout ratio is 107.61%.

Analyst Ratings Changes

FLO has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday, October 8th. Truist Financial dropped their price objective on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Flowers Foods currently has a consensus rating of “Reduce” and an average target price of $13.67.

Flowers Foods Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.