Flowers Foods, Inc. $FLO Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 34.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,888 shares of the company’s stock after selling 47,628 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Flowers Foods were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FLO. Measured Risk Portfolios Inc. raised its holdings in Flowers Foods by 13.5% in the 3rd quarter. Measured Risk Portfolios Inc. now owns 111,537 shares of the company’s stock valued at $1,456,000 after buying an additional 13,235 shares during the period. SteelPeak Wealth LLC purchased a new stake in shares of Flowers Foods in the 3rd quarter valued at approximately $200,000. Ethic Inc. purchased a new stake in shares of Flowers Foods in the 3rd quarter valued at approximately $1,141,000. Perigon Wealth Management LLC lifted its holdings in shares of Flowers Foods by 352.9% in the 3rd quarter. Perigon Wealth Management LLC now owns 48,854 shares of the company’s stock worth $638,000 after acquiring an additional 38,066 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Flowers Foods by 108.8% during the 3rd quarter. CWM LLC now owns 54,121 shares of the company’s stock worth $706,000 after purchasing an additional 28,204 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Insider Transactions at Flowers Foods

In related news, CEO Ryals Mcmullian sold 209,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $10.87, for a total value of $2,271,830.00. Following the sale, the chief executive officer owned 1,022,380 shares of the company’s stock, valued at approximately $11,113,270.60. This represents a 16.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FLO. Weiss Ratings reissued a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday, October 8th. Truist Financial cut their price target on shares of Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Flowers Foods presently has an average rating of “Reduce” and an average target price of $13.67.

Flowers Foods Trading Up 1.6%

NYSE FLO opened at $10.72 on Friday. The firm’s fifty day moving average is $10.96 and its two-hundred day moving average is $13.34. Flowers Foods, Inc. has a one year low of $9.93 and a one year high of $20.51. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market cap of $2.26 billion, a PE ratio of 11.65 and a beta of 0.32.

Flowers Foods (NYSE:FLO) last released its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, hitting 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 analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $0.33 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. Analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a yield of 9.2%. The ex-dividend date was Friday, November 28th. Flowers Foods’s dividend payout ratio (DPR) is 107.61%.

About Flowers Foods

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.