Flowers Foods, Inc. (NYSE:FLO) is included among the 15 Best 52-Week Low Dividend Stocks to Invest in.
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On November 13, Truist lowered its price target on Flowers Foods, Inc. (NYSE:FLO) to $10 from $15 and kept a Hold rating on the shares after what it described as “mixed” Q3 results and narrowed guidance, according to a report by The Fly. The analyst noted that weaker-than-expected sales and a lower gross margin were offset by reduced SD&A expenses, which helped deliver the EPS beat. The firm added that despite several supportive tailwinds, Flowers Foods has historically struggled to consistently meet expectations.
On November 14, Flowers Foods, Inc. (NYSE:FLO) announced a quarterly dividend of $0.2475 per share, in line with its previous payout. This marked its 93rd consecutive quarterly dividend, and Flowers Foods has increased its dividend for 23 straight years.
Flowers Foods, Inc. (NYSE:FLO) operates as one of the largest producers of packaged baked goods in the US, supplying fresh breads, buns, rolls, snack cakes, and specialty products to a wide range of retailers. The company has recently focused on transforming its portfolio, investing in digital systems, and expanding into high-growth and “better-for-you” categories.
Acquisitions, including the recent Simple Mills deal, remain central to its strategy to reach health-conscious and value-driven shoppers. The company views its success as tied to brand strength, effective pricing, and product mix, disciplined cost control, and the ability to adapt to shifting consumer preferences and competitive pressures.
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