1Yr·

Flowers Foods $FLO (-0.26%) has become the number 2 in packaged baked goods through ongoing acquisitions.

In 2013, for example, the famous "Wonder Bread" was acquired.


A number of factors such as higher raw material prices, higher interest rates, higher personnel costs and increased energy prices have caused profits to shrink.


Basically, I assume that at least one of these points will improve in the coming years and that surprising quarterly figures will come at some point.



$ 4.39 billion market cap

P/E ratio 2024 at around 16

Over 4.2 % dividend (rising)

For the dividend expected over the next 12 months, +68.58% of earnings will probably have to be used.



For me, the purchase is an entry point. Further expansion in 2024 is very realistic.

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04.12
Flowers Foods logo
Bought x100 at $21.61
$2,160.95
6
3 Comments

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Last week I made my first purchase here. My friend asked me if they make edible flowers 🙇🏻‍♂️
2
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Payout ratio of 141% according to getquin 🤨🤔
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