Key Points
- CEO Ryals Mcmullian sold 209,000 shares on Jan. 2 at an average price of $10.87 for proceeds of $2,271,830, reducing his stake by 16.97% to 1,022,380 shares (valued at ~$11.11M); the sale was disclosed in an SEC Form 4 filing.
- Generous dividend but high payout ratio: Flowers Foods recently paid a quarterly dividend of $0.2475 (annualized $0.99) for a yield of 9.2%, while its dividend payout ratio is an elevated 107.61%, signaling potential sustainability concerns.
- Mixed market and analyst outlook: The stock trades near its 12‑month low ($10.23) and below its 200‑day average, carries a P/E of 11.72 and $2.28B market cap, and has an average analyst rating of "Reduce" (average target $13.67) after recent downgrades such as Truist lowering its target to $10.
Flowers Foods, Inc. (NYSE:FLO - Get Free Report) CEO Ryals Mcmullian sold 209,000 shares of Flowers Foods stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $10.87, for a total transaction of $2,271,830.00. Following the transaction, the chief executive officer owned 1,022,380 shares of the company's stock, valued at $11,113,270.60. The trade was a 16.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Flowers Foods Stock Performance
Flowers Foods stock opened at $10.79 on Wednesday. Flowers Foods, Inc. has a twelve month low of $10.23 and a twelve month high of $20.51. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.28 billion, a P/E ratio of 11.72 and a beta of 0.32. The stock's 50 day moving average is $11.06 and its 200 day moving average is $13.42.
Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Flowers Foods had a return on equity of 16.35% and a net margin of 3.78%.The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm's quarterly 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. On average, equities research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.
Flowers Foods Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date was Friday, November 28th. Flowers Foods's dividend payout ratio (DPR) is currently 107.61%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FLO. Truist Financial dropped their target price 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. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Flowers Foods in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $13.67.
Read Our Latest Stock Report on FLO
Institutional Trading of Flowers Foods
Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its position in Flowers Foods by 139.1% in the 3rd quarter. ProShare Advisors LLC now owns 4,295,812 shares of the company's stock worth $56,060,000 after purchasing an additional 2,499,194 shares during the period. Norges Bank bought a new position in shares of Flowers Foods during the 2nd quarter valued at $37,674,000. Qube Research & Technologies Ltd boosted its stake in shares of Flowers Foods by 73.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,683,396 shares of the company's stock worth $48,068,000 after buying an additional 1,561,493 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Flowers Foods in the third quarter worth $16,726,000. Finally, AQR Capital Management LLC grew its holdings in shares of Flowers Foods by 76.7% in the third quarter. AQR Capital Management LLC now owns 2,706,486 shares of the company's stock worth $34,941,000 after acquiring an additional 1,175,157 shares during the period. Hedge funds and other institutional investors own 75.45% of the company's stock.
Flowers Foods Company Profile
(
Get Free Report)
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.
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