Follow-up purchase 2024 from Flowers Foods $FLO (+0.98%)
Next purchase is not planned until Q3/2024 or if the share price weakens
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3Follow-up purchase 2024 from Flowers Foods $FLO (+0.98%)
Next purchase is not planned until Q3/2024 or if the share price weakens
The development of Flowers Foods $FLO (+0.98%) continues!
Further purchases are not planned until 2024
planned 😎🤞🏽
Flowers Foods $FLO (+0.98%) 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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