Flowers Foods, Inc. (NYSE:FLO) to Issue Quarterly Dividend of $0.13

Flowers Foods, Inc. (NYSE:FLO) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 12th will be given a dividend of 0.125 per share on Friday, June 26th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, June 12th.

Flowers Foods has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 24 years. Flowers Foods has a dividend payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Flowers Foods to earn $0.90 per share next year, which means the company may not be able to cover its $0.99 annual dividend with an expected future payout ratio of 110.0%.

Flowers Foods Stock Down 3.1%

FLO opened at $7.02 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.04. Flowers Foods has a 1-year low of $6.80 and a 1-year high of $17.24. The company has a market capitalization of $1.49 billion, a PE ratio of 17.54 and a beta of 0.46. The firm’s 50 day simple moving average is $8.30 and its two-hundred day simple moving average is $9.91.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. Flowers Foods had a net margin of 1.59% and a return on equity of 16.61%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. As a group, equities analysts forecast that Flowers Foods will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. BNP Paribas Exane cut their target price 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Flowers Foods from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Weiss Ratings cut shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Finally, Stephens dropped their price objective on shares of Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $9.60.

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.