Hunter Perkins Capital Management LLC Increases Stake in Flowers Foods, Inc. $FLO

Hunter Perkins Capital Management LLC grew its holdings in shares of Flowers Foods, Inc. (NYSE:FLO) by 48.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 357,925 shares of the company’s stock after purchasing an additional 117,545 shares during the quarter. Hunter Perkins Capital Management LLC owned approximately 0.17% of Flowers Foods worth $4,671,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Elevation Point Wealth Partners LLC purchased a new position in shares of Flowers Foods in the second quarter worth about $28,000. Private Trust Co. NA raised its holdings in Flowers Foods by 103.8% in the 2nd quarter. Private Trust Co. NA now owns 1,932 shares of the company’s stock valued at $31,000 after acquiring an additional 984 shares during the last quarter. IFP Advisors Inc lifted its stake in Flowers Foods by 860.2% in the 2nd quarter. IFP Advisors Inc now owns 1,978 shares of the company’s stock worth $32,000 after purchasing an additional 1,772 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Flowers Foods by 4,746.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,811 shares of the company’s stock worth $45,000 after purchasing an additional 2,753 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FLO shares. Truist Financial reduced their price objective on Flowers Foods from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flowers Foods in a research note 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 data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $13.67.

Flowers Foods Stock Up 1.0%

FLO stock opened at $10.85 on Thursday. Flowers Foods, Inc. has a one year low of $10.34 and a one year high of $20.92. The firm has a market cap of $2.29 billion, a PE ratio of 11.79 and a beta of 0.33. The firm’s 50 day moving average price is $11.40 and its 200-day moving average price is $13.78. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.79.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Flowers Foods had a return on equity of 16.35% and a net margin of 3.78%.The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter 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 anticipate that Flowers Foods, Inc. will post 1.18 EPS for the current year.

Flowers Foods Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend was Friday, November 28th. Flowers Foods’s dividend payout ratio (DPR) 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.