NorthRock Partners LLC Purchases Shares of 11,548 Flowers Foods, Inc. $FLO

NorthRock Partners LLC purchased a new stake in Flowers Foods, Inc. (NYSE:FLO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,548 shares of the company’s stock, valued at approximately $185,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Moran Wealth Management LLC boosted its position in Flowers Foods by 0.3% in the 1st quarter. Moran Wealth Management LLC now owns 191,278 shares of the company’s stock valued at $3,636,000 after buying an additional 570 shares during the period. ICW Investment Advisors LLC grew its stake in shares of Flowers Foods by 1.0% during the first quarter. ICW Investment Advisors LLC now owns 59,492 shares of the company’s stock worth $1,131,000 after purchasing an additional 598 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Flowers Foods by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 31,837 shares of the company’s stock worth $604,000 after purchasing an additional 620 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Flowers Foods by 2.3% during the first quarter. Voya Investment Management LLC now owns 32,040 shares of the company’s stock worth $609,000 after purchasing an additional 712 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Flowers Foods by 7.3% during the second quarter. Belpointe Asset Management LLC now owns 11,245 shares of the company’s stock worth $180,000 after purchasing an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Insider Transactions at Flowers Foods

In other news, CEO Ryals Mcmullian sold 350,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $12.82, for a total value of $4,487,000.00. Following the completion of the sale, the chief executive officer directly owned 1,231,380 shares of the company’s stock, valued at approximately $15,786,291.60. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cindy Cox sold 3,600 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total transaction of $54,000.00. Following the completion of the sale, the insider directly owned 16,994 shares of the company’s stock, valued at $254,910. The trade was a 17.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.57% of the stock is currently owned by corporate insiders.

Flowers Foods Price Performance

Shares of FLO opened at $12.77 on Friday. Flowers Foods, Inc. has a 1-year low of $12.42 and a 1-year high of $23.09. The stock has a market cap of $2.70 billion, a PE ratio of 12.28 and a beta of 0.27. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.26 and a quick ratio of 0.90. The firm has a fifty day moving average price of $14.09 and a 200 day moving average price of $15.89.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, August 15th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company earned $0.36 earnings per share. Flowers Foods’s quarterly revenue was up 1.5% compared to the same quarter last year. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. As a group, sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.2475 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.99 dividend on an annualized basis and a yield of 7.8%. Flowers Foods’s payout ratio is 95.19%.

Analyst Upgrades and Downgrades

FLO has been the subject of a number of analyst reports. DA Davidson reiterated a “neutral” rating and set a $15.00 target price on shares of Flowers Foods in a research note on Monday, August 18th. Truist Financial lowered their target price on shares of Flowers Foods from $20.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, August 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $15.33.

Flowers Foods Company 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.