Corient Private Wealth LLC Purchases 157,106 Shares of Flowers Foods, Inc. $FLO

Corient Private Wealth LLC raised its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 1,060.5% during the 4th quarter, Holdings Channel reports. The fund owned 171,921 shares of the company’s stock after purchasing an additional 157,106 shares during the period. Corient Private Wealth LLC’s holdings in Flowers Foods were worth $1,871,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FLO. Alpine Global Management LLC purchased a new position in shares of Flowers Foods in the fourth quarter valued at $180,000. DGS Capital Management LLC bought a new stake in Flowers Foods in the fourth quarter worth $144,000. Kera Capital Partners Inc. purchased a new stake in Flowers Foods during the fourth quarter valued at $409,000. Virtu Financial LLC purchased a new stake in Flowers Foods during the fourth quarter valued at $399,000. Finally, Invesco Ltd. lifted its position in Flowers Foods by 48.1% during the fourth quarter. Invesco Ltd. now owns 5,333,854 shares of the company’s stock valued at $58,032,000 after purchasing an additional 1,732,003 shares during the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Flowers Foods

In other Flowers Foods news, CEO Ryals Mcmullian sold 209,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $8.03, for a total transaction of $1,678,270.00. Following the sale, the chief executive officer owned 813,380 shares of the company’s stock, valued at approximately $6,531,441.40. This trade represents a 20.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Diego Anthony Scaglione purchased 5,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was bought at an average price of $7.51 per share, for a total transaction of $37,550.00. Following the completion of the acquisition, the chief financial officer directly owned 194,180 shares in the company, valued at approximately $1,458,291.80. This trade represents a 2.64% increase in their position. The SEC filing for this purchase provides additional information. 7.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. BNP Paribas Exane decreased their target price on shares of Flowers Foods from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, April 9th. Zacks Research raised shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Stephens dropped their price target on Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings cut Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $9.60.

Flowers Foods Stock Up 1.3%

Shares of NYSE FLO opened at $8.07 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 0.77. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 23.07 and a beta of 0.40. The stock has a 50 day moving average price of $7.93 and a 200 day moving average price of $9.25. Flowers Foods, Inc. has a 52-week low of $6.80 and a 52-week high of $16.85.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. Flowers Foods had a return on equity of 15.98% and a net margin of 1.38%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Sell-side analysts expect that Flowers Foods, Inc. will post 0.85 earnings per share for the current year.

Flowers Foods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, June 12th. This represents a $0.50 dividend on an annualized basis and a yield of 6.2%. Flowers Foods’s dividend payout ratio is currently 142.86%.

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.