Flowers Foods, Inc. $FLO Shares Bought by Thomasville National Bank

Thomasville National Bank raised its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 64.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 703,740 shares of the company’s stock after acquiring an additional 276,411 shares during the quarter. Thomasville National Bank’s holdings in Flowers Foods were worth $9,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Flowers Foods during the 2nd quarter worth about $28,000. Private Trust Co. NA increased its stake in Flowers Foods by 103.8% during the 2nd quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock worth $31,000 after buying an additional 984 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Flowers Foods by 860.2% during the second quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock valued at $32,000 after acquiring an additional 1,772 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Flowers Foods by 64.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Flowers Foods by 56.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 2,800 shares of the company’s stock worth $45,000 after acquiring an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Insider Buying and Selling

In other Flowers Foods 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 transaction, the chief executive officer owned 1,231,380 shares of the company’s stock, valued at $15,786,291.60. This represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Flowers Foods Price Performance

Flowers Foods stock opened at $10.93 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 50-day moving average price of $11.51 and a 200 day moving average price of $13.90. Flowers Foods, Inc. has a 12-month low of $10.34 and a 12-month high of $20.92. The stock has a market cap of $2.31 billion, a P/E ratio of 11.88 and a beta of 0.33.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a net margin of 3.78% and a return on equity of 16.35%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. Sell-side analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 9.1%. The ex-dividend date was Friday, November 28th. Flowers Foods’s payout ratio 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.