Synovus Financial Corp Trims Position in Flowers Foods by 8.6%
May 7, 2023
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Flowers Foods ($NYSE:FLO) Inc. is a leading producer, marketer and distributor of packaged bakery foods in the United States. The company offers a wide range of products including breads, buns, rolls, snacks, tortillas and desserts. Synovus Financial Corp is a regional financial services company based in Georgia.
In their most recent Form 13F filing with the Securities and Exchange Commission, Synovus Financial Corp revealed that they had reduced their stake in Flowers Foods Inc. by 8.6% during the fourth quarter. This reduction in holdings comes as part of a larger trend of divestment from major investors in the company.
Analysis
At GoodWhale, we’ve conducted an analysis of FLOWERS FOODS‘ fundamentals and are pleased to present our findings to you today. According to our Star Chart, FLOWERS FOODS is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be of interest to investors who are looking for stability and consistent returns. In terms of financial health, FLOWERS FOODS earns a high score of 8/10 for its cashflows and debt, which indicates that it is capable of sustaining future operations in times of crisis. Additionally, FLOWER FOODS also scores highly in areas such as dividend, profitability, and medium in asset and growth. This is good news for potential investors looking for a long-term stable 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
Synovus Financial Corp, an investing institution, reduced its stake in Flowers Foods by 8.6%. This suggests that there may be a shift in investment sentiment towards this stock, and investors should take caution when considering investing their money in this company. It is important to consider past performance metrics and engage in thorough research of the company before committing capital.
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