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.