UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 96,189 Shares of Flowers Foods, Inc. $FLO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 16.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 489,914 shares of the company’s stock after selling 96,189 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Flowers Foods were worth $3,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Flowers Foods by 11.1% in the second quarter. Van ECK Associates Corp now owns 52,028 shares of the company’s stock worth $411,000 after buying an additional 5,182 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Flowers Foods in the 2nd quarter valued at $430,000. Beacon Pointe Advisors LLC acquired a new position in Flowers Foods in the 2nd quarter valued at $103,000. Empowered Funds LLC bought a new position in Flowers Foods in the 2nd quarter worth $212,000. Finally, United Capital Financial Advisors LLC acquired a new position in Flowers Foods during the 2nd quarter worth $357,000. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Trading Down 1.8%

Shares of FLO stock opened at $6.21 on Thursday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 23.87 and a beta of 0.39. Flowers Foods, Inc. has a 1 year low of $6.10 and a 1 year high of $14.72. The firm’s fifty day simple moving average is $7.52 and its 200 day simple moving average is $8.01. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results 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). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. Flowers Foods’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, sell-side analysts predict that Flowers Foods, Inc. will post 0.79 EPS for the current year.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.50 dividend on an annualized basis and a yield of 8.1%. Flowers Foods’s dividend payout ratio (DPR) is 192.31%.

Wall Street Analysts Forecast Growth

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

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.