Jupiter Topco LLC Buys New Shares in Flowers Foods, Inc. $FLO

Jupiter Topco LLC purchased a new position in shares of Flowers Foods, Inc. (NYSE:FLO) during the 2nd quarter, HoldingsChannel reports. The firm purchased 80,703 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FLO. Larson Financial Group LLC lifted its stake in Flowers Foods by 34.9% in the fourth quarter. Larson Financial Group LLC now owns 3,272 shares of the company’s stock worth $36,000 after acquiring an additional 846 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Flowers Foods by 64.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after purchasing an additional 1,001 shares during the last quarter. HB Wealth Management LLC boosted its holdings 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 grew its holdings in shares of Flowers Foods by 3.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 43,305 shares of the company’s stock worth $353,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in 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 buying an additional 1,455 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Trading Up 0.5%

Shares of FLO opened at $6.30 on Monday. 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. The firm has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $8.09. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 24.23 and a beta of 0.39.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was down 4.0% on a year-over-year basis. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Equities analysts forecast that Flowers Foods, Inc. will post 0.79 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.