HighTower Advisors LLC Increases Stake in Flowers Foods by 19.1% in 4th Quarter
June 20, 2023
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Flowers Foods ($NYSE:FLO) Inc. is a leading producer of packaged bakery foods in the United States. In 2020, HighTower Advisors LLC notably increased its ownership of Flowers Foods Inc. stock by 19.1% in the fourth quarter of 2020. HighTower is an independent registered investment advisor that provides personalized financial advice and services to investors worldwide.
With this increased stake, Flowers Foods Inc. now has access to more capital that it can use to fund new product development and expansion into new markets. The company is already renowned for its quality baked goods, and this additional investment will ensure that they can continue to produce top-notch products for years to come.
Analysis
At GoodWhale, we’ve performed an analysis of the fundamentals of FLOWERS FOODS. Based on our financial and business evaluation, we’ve determined that FLOWERS FOODS is a low risk investment. The business and financial areas of this company have been thoroughly reviewed, and we believe they to have a low potential for risk. If you’re interested in taking a closer look at this company’s fundamentals, make sure to register on goodwhale.com. With our comprehensive analysis, you’ll get an in-depth understanding of the financial and business aspects of FLOWERS FOODS, allowing you to make an informed decision. Sign up today and start learning more about this low-risk investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flowers Foods. More…
| Total Revenues | Net Income | Net Margin |
| 4.81k | 228.39 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flowers Foods. More…
| Operations | Investing | Financing |
| 360.89 | -151.09 | -222.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flowers Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.31k | 1.87k | 6.84 |
Key Ratios Snapshot
Some of the financial key ratios for Flowers Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 7.7% | 6.8% |
| FCF Margin | ROE | ROA |
| 4.0% | 14.2% | 6.2% |
Peers
Flowers Foods Inc is one of the leading producers of packaged bakery products in the United States. The company’s principal competitors are J&J Snack Foods Corp, MamaMancini’s Holdings Inc, and Bridgford Foods Corp.
– J&J Snack Foods Corp ($NASDAQ:JJSF)
J&J Snack Foods Corp is a publicly traded company with a market capitalization of $2.66 billion as of March 2022. The company manufactures and markets snack foods and beverages. Its products include ice cream, frozen desserts, cookies, crackers, pretzels, and other snacks. J&J Snack Foods Corp has a return on equity of 5.74%.
J&J Snack Foods Corp was founded in 1971 and is headquartered in Pennsauken, New Jersey. The company operates through three segments: Food Service, Retail, and International. The Food Service segment provides products to foodservice customers, including restaurants, schools, and other institutions. The Retail segment sells products to retail grocery and mass merchandiser customers. The International segment consists of sales to customers located outside of the United States.
– MamaMancini’s Holdings Inc ($NASDAQ:MMMB)
MamaMancini’s Holdings Inc is a food company that specializes in the production of Italian-style foods, such as meatballs, sausages, and pasta sauce. The company has a market cap of $39.22 million and a return on equity of -14.63%. MamaMancini’s Holdings Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol “MMMB.”
– Bridgford Foods Corp ($NASDAQ:BRID)
Bridgford Foods Corporation is a food company that specializes in the manufacture and sale of frozen and refrigerated food products. The company has a market capitalization of 115.55 million as of 2022 and a return on equity of 46.05%. Bridgford Foods Corporation’s products include breads, rolls, biscuits, snacks, and other frozen and refrigerated foods. The company operates in the United States and Canada.
Summary
This increase in shareholdings demonstrates that the company has become a more attractive investment option for High Tower. All in all, these figures suggest that Flowers Foods is well-positioned for growth and is poised to deliver positive returns to investors over the long-term.
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