Flowers Foods $FLO (+0%) 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.
