Frank Rimerman Advisors LLC Makes New Investment in Flowers Foods, Inc. $FLO

Frank Rimerman Advisors LLC bought a new stake in Flowers Foods, Inc. (NYSE:FLO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 59,865 shares of the company’s stock, valued at approximately $781,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FLO shares. Truist Financial dropped their target price on shares of Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flowers Foods currently has a consensus rating of “Reduce” and an average price target of $13.67.

Insider Activity at Flowers Foods

In other news, CEO Ryals Mcmullian sold 209,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $10.87, for a total transaction of $2,271,830.00. Following the completion of the transaction, the chief executive officer directly owned 1,022,380 shares in the company, valued at $11,113,270.60. This trade represents a 16.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.57% of the company’s stock.

Flowers Foods Stock Performance

Shares of Flowers Foods stock opened at $11.42 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The company has a market cap of $2.41 billion, a PE ratio of 12.41 and a beta of 0.32. The company has a 50 day moving average of $10.85 and a 200-day moving average of $12.80. Flowers Foods, Inc. has a 1-year low of $9.93 and a 1-year high of $20.25.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. As a group, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.99 annualized dividend and a yield of 8.7%. Flowers Foods’s payout ratio is presently 107.61%.

Flowers Foods Company 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.