Flowers Foods: A 4% Dividend With 4.90% Annual Growth

A cheap consumer staple stock in this expensive market?!!!

It’s actually more common than you might think.

Tech, utilities, and real estate are all up. But consumer staple food stocks are one sector that’s still lagging the general market. Household names like Nestle and Hormel Foods Corporation are down year to date. And today’s subject has traded flat for the past 12 months.

Flowers Foods ($FLO) is a company you might not know by name. But, there’s a good chance you’ll recognize their products.

Flowers Foods is a $4.8 billion baked goods enterprise that produces household staples like Wonder Bread, Nature’s Own, and Dave’s Killer Bread. This is a well-established business that’s been in operation for over 100 years. And, the company owns a large portfolio of recognizable brands.

Yet, Flowers Foods’ stock is in a slump. And this could present a unique, high-yield buying opportunity.

Flowers Foods Fundamentals

Flowers Foods owns and operates 45 industrial-scale bakeries across the United States. And in 2023, Flowers Foods sold over $5 billion worth of baked goods — which speaks to the power of their brand portfolio.