Flowers Foods, Inc. (NYSE:FLO) Announces Quarterly Dividend of $0.13

Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 12th will be paid a dividend of 0.125 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, June 12th.

Flowers Foods has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 24 years. Flowers Foods has a dividend payout ratio of 87.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Flowers Foods to earn $0.90 per share next year, which means the company may not be able to cover its $0.99 annual dividend with an expected future payout ratio of 110.0%.

Flowers Foods Stock Performance

Shares of FLO opened at $7.02 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $8.30 and its 200-day moving average price is $9.91. Flowers Foods has a 52 week low of $6.80 and a 52 week high of $17.24. The stock has a market cap of $1.49 billion, a P/E ratio of 17.54 and a beta of 0.46.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Flowers Foods had a return on equity of 16.61% and a net margin of 1.59%.The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Equities research analysts anticipate that Flowers Foods will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Flowers Foods

In related news, CEO Ryals Mcmullian sold 209,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $8.03, for a total value of $1,678,270.00. Following the sale, the chief executive officer owned 813,380 shares in the company, valued at approximately $6,531,441.40. This trade represents a 20.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.23% of the company’s stock.

Institutional Investors Weigh In On Flowers Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLO. Gotham Asset Management LLC boosted its holdings in Flowers Foods by 859.6% in the fourth quarter. Gotham Asset Management LLC now owns 4,026,582 shares of the company’s stock worth $43,809,000 after purchasing an additional 3,606,962 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Flowers Foods by 139.1% in the third 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 last quarter. Norges Bank purchased a new stake in Flowers Foods in the fourth quarter worth approximately $21,680,000. AQR Capital Management LLC boosted its holdings in Flowers Foods by 70.1% in the fourth quarter. AQR Capital Management LLC now owns 4,603,093 shares of the company’s stock worth $50,082,000 after purchasing an additional 1,896,607 shares during the last quarter. Finally, Invesco Ltd. raised its position in Flowers Foods by 48.1% in the fourth quarter. Invesco Ltd. now owns 5,333,854 shares of the company’s stock worth $58,032,000 after acquiring an additional 1,732,003 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

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.