Walled Lake Planning & Wealth Management LLC Purchases 1,109 Shares of Flowers Foods, Inc. (NYSE:FLO)

Walled Lake Planning & Wealth Management LLC increased its position in Flowers Foods, Inc. (NYSE:FLO) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,701 shares of the company’s stock after purchasing an additional 1,109 shares during the period. Walled Lake Planning & Wealth Management LLC owned approximately 0.08% of Flowers Foods worth $3,093,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Northern Trust Corp lifted its stake in Flowers Foods by 22.0% during the 4th quarter. Northern Trust Corp now owns 1,742,145 shares of the company’s stock valued at $35,993,000 after acquiring an additional 314,670 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Flowers Foods by 163.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 266,153 shares of the company’s stock valued at $5,041,000 after acquiring an additional 165,085 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Flowers Foods during the 4th quarter valued at $997,000. Elo Mutual Pension Insurance Co bought a new position in Flowers Foods during the 4th quarter valued at $390,000. Finally, Principal Financial Group Inc. lifted its stake in Flowers Foods by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 450,199 shares of the company’s stock valued at $8,558,000 after acquiring an additional 1,841 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Thomas Caldecot Chubb III acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $16.88 per share, with a total value of $50,640.00. Following the acquisition, the director owned 45,861 shares in the company, valued at $774,133.68. The trade was a 7.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George E. Deese acquired 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $16.84 per share, with a total value of $101,040.00. Following the acquisition, the director owned 2,004,990 shares in the company, valued at $33,764,031.60. The trade was a 0.30% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 12,000 shares of company stock valued at $202,440. 11.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on FLO shares. Wall Street Zen cut Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, May 19th. Jefferies Financial Group dropped their price objective on Flowers Foods from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, May 16th.

Flowers Foods Trading Down 0.1%

Shares of Flowers Foods stock opened at $16.25 on Tuesday. Flowers Foods, Inc. has a 1 year low of $15.27 and a 1 year high of $23.87. The firm has a market cap of $3.43 billion, a PE ratio of 15.05 and a beta of 0.33. The stock has a fifty day moving average price of $16.21 and a 200-day moving average price of $17.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.26 and a quick ratio of 0.89.

Flowers Foods (NYSE:FLO) last announced its earnings results on Friday, May 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). Flowers Foods had a net margin of 4.49% and a return on equity of 18.91%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th were given a dividend of $0.2475 per share. The ex-dividend date was Thursday, June 5th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.24. This represents a $0.99 annualized dividend and a dividend yield of 6.09%. Flowers Foods’s dividend payout ratio (DPR) is currently 91.67%.

Flowers Foods 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.