Jupiter Topco LLC Invests $638,000 in Flowers Foods, Inc. $FLO

Jupiter Topco LLC acquired a new stake in shares of Flowers Foods, Inc. (NYSE:FLO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,703 shares of the company’s stock, valued at approximately $638,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Flowers Foods by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 21,091,556 shares of the company’s stock worth $229,476,000 after acquiring an additional 736,624 shares during the last quarter. BlackRock Inc. acquired a new stake in Flowers Foods during the 2nd quarter worth about $273,587,000. Bank of New York Mellon Corp purchased a new stake in Flowers Foods during the 2nd quarter valued at about $12,070,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Flowers Foods in the second quarter worth about $8,360,000. Finally, Bank of America Corp DE lifted its stake in Flowers Foods by 21.1% during the 1st quarter. Bank of America Corp DE now owns 1,862,467 shares of the company’s stock valued at $15,179,000 after acquiring an additional 324,229 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group set a $7.00 target price on shares of Flowers Foods in a report on Monday, August 3rd. Zacks Research raised Flowers Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Stephens reduced their price target on Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, August 24th. Finally, Weiss Ratings upgraded Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 27th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Flowers Foods has an average rating of “Reduce” and an average target price of $7.60.

Flowers Foods Trading Up 0.5%

Shares of FLO stock opened at $6.30 on Monday. The company has a 50-day moving average of $7.63 and a two-hundred day moving average of $8.09. The firm has a market cap of $1.34 billion, a PE ratio of 24.23 and a beta of 0.39. Flowers Foods, Inc. has a 1-year low of $6.27 and a 1-year high of $15.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.77 and a quick ratio of 0.57.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. On average, analysts predict that Flowers Foods, Inc. will post 0.79 EPS for the current year.

Flowers Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, September 11th. Flowers Foods’s dividend payout ratio is currently 192.31%.

Flowers Foods Company 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.