Flowers Foods (FLO) Landed in Chartwell Investment Partners’ Q2 Contributors List

Chartwell Investment Partners, an asset management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. For the second quarter, Chartwell-managed accounts fell in line with their respective index benchmarks, however, the Chartwell Dividend Model outperformed by a significant margin versus its benchmark. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Chartwell Investment Partners mentioned Flowers Foods, Inc. (NYSE:FLO) and explained its insights for the company. Founded in 1919, Flowers Foods, Inc. (NYSE:FLO) is a Thomasville, Georgia-based packed bakery food producer with a $5.4 billion market capitalization. Flowers Foods, Inc. (NYSE:FLO) delivered a -5.61% return since the beginning of the year, while its 12-month returns are up by 12.15%. The stock closed at $25.93 per share on September 20, 2022.

 Here is what Chartwell Investment Partners has to say about Flowers Foods, Inc. (NYSE:FLO) in its Q2 2022 investor letter:

“Value based stocks outperformed stocks with higher price-to-earnings ratios (“P/E”)*****, with large growth stocks being the worst performers this quarter; the Russell 1000 Growth index fell 20.9%. The three best performers for Q2 in the Growth and Balanced accounts includes Flowers Foods, Inc. (NYSE:FLO, 2.7%)****, up 3.3%. Flowers is a primarily baked-goods company with strong revenue growth.”

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Our calculations show that Flowers Foods, Inc. (NYSE:FLO) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Flowers Foods, Inc. (NYSE:FLO) was in 24 hedge fund portfolios at the end of the second quarter of 2022, compared to 25 funds in the previous quarter. Flowers Foods, Inc. (NYSE:FLO) delivered a 3.76% return in the past 3 months.

In August 2022, we published an article that includes Flowers Foods, Inc. (NYSE:FLO) in the 10 Best High-Yield Dividend Stocks for Retirees in 2022. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.