Creative Planning Has $11.67 Million Stock Holdings in Flowers Foods, Inc. $FLO

Creative Planning boosted its position in Flowers Foods, Inc. (NYSE:FLO) by 23.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 730,426 shares of the company’s stock after acquiring an additional 137,131 shares during the quarter. Creative Planning owned 0.35% of Flowers Foods worth $11,672,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FLO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Flowers Foods by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,450 shares of the company’s stock valued at $806,000 after purchasing an additional 3,632 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Flowers Foods by 10.4% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 37,490 shares of the company’s stock worth $599,000 after buying an additional 3,530 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Flowers Foods in the second quarter valued at about $862,000. Police & Firemen s Retirement System of New Jersey grew its position in Flowers Foods by 3.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 72,234 shares of the company’s stock valued at $1,154,000 after acquiring an additional 2,390 shares during the last quarter. Finally, denkapparat Operations GmbH grew its position in Flowers Foods by 31.0% in the second quarter. denkapparat Operations GmbH now owns 13,742 shares of the company’s stock valued at $220,000 after acquiring an additional 3,252 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Cindy Cox sold 3,600 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $15.00, for a total value of $54,000.00. Following the completion of the sale, the insider owned 16,994 shares of the company’s stock, valued at approximately $254,910. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryals Mcmullian sold 350,000 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $12.82, for a total value of $4,487,000.00. Following the transaction, the chief executive officer owned 1,231,380 shares of the company’s stock, valued at $15,786,291.60. This trade represents a 22.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 11.57% of the company’s stock.

Wall Street Analyst Weigh In

FLO has been the topic of a number of research analyst reports. Truist Financial reduced 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. DA Davidson restated a “neutral” rating and issued a $15.00 target price on shares of Flowers Foods in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $13.67.

Flowers Foods Stock Performance

NYSE:FLO opened at $11.04 on Wednesday. The stock’s 50-day moving average is $12.59 and its 200-day moving average is $14.89. Flowers Foods, Inc. has a 1-year low of $10.93 and a 1-year high of $23.04. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23. The stock has a market cap of $2.33 billion, a P/E ratio of 10.61 and a beta of 0.26.

Flowers Foods (NYSE:FLO) last posted 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 4.30% and a return on equity of 17.85%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.33 EPS. The firm’s 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.2475 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.99 annualized dividend and a dividend yield of 9.0%. Flowers Foods’s payout ratio is currently 107.61%.

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.