Glenmede Trust Co. NA Sells 80,286 Shares of Flowers Foods, Inc. $FLO

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

A number of other institutional investors and hedge funds have also modified their holdings of FLO. Larson Financial Group LLC boosted its stake in Flowers Foods by 34.9% during the fourth quarter. Larson Financial Group LLC now owns 3,272 shares of the company’s stock worth $36,000 after buying an additional 846 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after buying an additional 1,001 shares during the period. HB Wealth Management LLC raised its stake in shares of Flowers Foods by 7.6% in the 1st quarter. HB Wealth Management LLC now owns 16,256 shares of the company’s stock valued at $132,000 after buying an additional 1,155 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Flowers Foods by 3.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 43,305 shares of the company’s stock valued at $353,000 after buying an additional 1,300 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Flowers Foods by 1.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 87,202 shares of the company’s stock worth $1,393,000 after acquiring an additional 1,455 shares during the period. 75.45% of the stock is currently owned by institutional investors.

Insider Transactions at Flowers Foods

In other news, CFO Diego Anthony Scaglione acquired 5,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of $7.51 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the chief financial officer directly owned 194,180 shares in the company, valued at $1,458,291.80. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FLO shares. Stephens decreased their target price on shares of Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. BNP Paribas Exane cut their price target on shares of Flowers Foods from $10.00 to $8.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Wall Street Zen lowered Flowers Foods from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Jefferies Financial Group set a $7.00 price objective on Flowers Foods in a research note on Monday. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Flowers Foods currently has a consensus rating of “Reduce” and a consensus price target of $9.17.

Flowers Foods Stock Up 2.9%

Shares of NYSE FLO opened at $7.22 on Tuesday. Flowers Foods, Inc. has a 12-month low of $6.80 and a 12-month high of $16.85. The firm’s 50-day simple moving average is $7.87 and its 200 day simple moving average is $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. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 20.64 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Flowers Foods had a net margin of 1.38% and a return on equity of 15.98%. Flowers Foods’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. On average, research analysts expect that Flowers Foods, Inc. will post 0.85 earnings per share for the current fiscal year.

Flowers Foods Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.125 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.50 annualized dividend and a yield of 6.9%. Flowers Foods’s dividend payout ratio (DPR) is currently 142.86%.

Flowers Foods 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.