Flowers Foods, Inc. $FLO Stake Lessened by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 968,014 shares of the company’s stock after selling 80,286 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.46% of Flowers Foods worth $7,889,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FLO. Integrated Wealth Concepts LLC purchased a new position in Flowers Foods during the first quarter valued at approximately $499,000. Millennium Management LLC lifted its position in Flowers Foods by 209.6% in the 1st quarter. Millennium Management LLC now owns 949,688 shares of the company’s stock worth $18,054,000 after buying an additional 642,942 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Flowers Foods by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 976,456 shares of the company’s stock worth $18,562,000 after buying an additional 65,258 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Flowers Foods by 10.6% during the 1st quarter. Empowered Funds LLC now owns 150,404 shares of the company’s stock valued at $2,859,000 after buying an additional 14,476 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Flowers Foods by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 744,714 shares of the company’s stock valued at $14,157,000 after buying an additional 81,066 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Insider Buying and Selling

In related news, CFO Diego Anthony Scaglione purchased 5,000 shares of Flowers Foods stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of $7.51 per share, with a total value of $37,550.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 7.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FLO. Stephens lowered their target price on Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. BNP Paribas Exane reduced their price target on Flowers Foods from $10.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Zacks Research raised Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group set a $7.00 price objective on Flowers Foods in a report on Monday. Finally, Weiss Ratings raised shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $9.17.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $7.22 on Tuesday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 20.64 and a beta of 0.39. The business has a 50 day moving average price of $7.87 and a 200 day moving average price of $8.78. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 1.02. Flowers Foods, Inc. has a twelve month low of $6.80 and a twelve month high of $16.85.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Flowers Foods had a return on equity of 15.98% and a net margin of 1.38%.The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Research analysts predict 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. Investors of record on Friday, June 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.9%. The ex-dividend date was Friday, June 12th. Flowers Foods’s dividend payout ratio is presently 142.86%.

Flowers Foods Company Profile

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.