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US Bancorp DE Sells 1,590 Shares of Flowers Foods, Inc. (NYSE:FLO)

Defense World · Sep 6, 2022 04:42

US Bancorp DE lessened its holdings in shares of Flowers Foods, Inc. (NYSE:FLO – Get Rating) by 3.2% in the first quarter, HoldingsChannel.com reports. The firm owned 47,575 shares of the company's stock after selling 1,590 shares during the period. US Bancorp DE's holdings in Flowers Foods were worth $1,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Shields & Co. LLC grew its stake in shares of Flowers Foods by 28,270.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 6,553,181 shares of the company's stock worth $180,016,000 after acquiring an additional 6,530,082 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Flowers Foods by 6.7% in the 4th quarter. Renaissance Technologies LLC now owns 5,549,344 shares of the company's stock worth $152,440,000 after acquiring an additional 346,837 shares in the last quarter. State Street Corp grew its stake in shares of Flowers Foods by 2.9% in the 4th quarter. State Street Corp now owns 5,352,201 shares of the company's stock worth $147,025,000 after acquiring an additional 151,248 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Flowers Foods by 6.1% in the 1st quarter. Boston Trust Walden Corp now owns 2,836,301 shares of the company's stock worth $72,921,000 after acquiring an additional 163,280 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Flowers Foods by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 2,534,571 shares of the company's stock worth $69,624,000 after acquiring an additional 112,855 shares in the last quarter. Institutional investors own 77.15% of the company's stock.

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Insider Buying and Selling at Flowers Foods

In other Flowers Foods news, CEO Ryals Mcmullian sold 143,020 shares of the company's stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $27.97, for a total transaction of $4,000,269.40. Following the sale, the chief executive officer now directly owns 1,781,580 shares of the company's stock, valued at $49,830,792.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Flowers Foods news, CEO Ryals Mcmullian sold 143,020 shares of the company's stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $27.97, for a total transaction of $4,000,269.40. Following the sale, the chief executive officer now directly owns 1,781,580 shares of the company's stock, valued at $49,830,792.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Caldecot Chubb III acquired 3,000 shares of the company's stock in a transaction on Tuesday, August 23rd. The shares were acquired at an average cost of $27.50 per share, for a total transaction of $82,500.00. Following the completion of the acquisition, the director now owns 23,051 shares of the company's stock, valued at $633,902.50. The disclosure for this purchase can be found here. Insiders own 11.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FLO. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Flowers Foods from $27.00 to $26.00 in a research note on Monday, May 23rd. StockNews.com upgraded shares of Flowers Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 20th.

Flowers Foods Price Performance

FLO opened at $26.99 on Tuesday. The firm has a market cap of $5.72 billion, a P/E ratio of 26.72 and a beta of 0.29. The firm has a 50-day moving average of $27.32 and a 200 day moving average of $26.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.16 and a current ratio of 1.45. Flowers Foods, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $29.73.

Flowers Foods (NYSE:FLO – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Flowers Foods had a net margin of 4.75% and a return on equity of 18.62%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, research analysts expect that Flowers Foods, Inc. will post 1.27 EPS for the current year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, September 1st. Flowers Foods's dividend payout ratio (DPR) is presently 87.13%.

Flowers Foods Company Profile

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Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.