Flowers Foods Inc. (FLO) COO Brad K. Alexander Sells 69,850 Shares
Flowers Foods Inc. (NYSE:FLO) COO Brad K. Alexander sold 69,850 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $16.23, for a total transaction of $1,133,665.50. Following the transaction, the chief operating officer now directly owns 300,685 shares in the company, valued at $4,880,117.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Flowers Foods Inc. (NYSE:FLO) traded down 1.37% on Wednesday, hitting $15.83. 1,840,082 shares of the stock traded hands. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 18.22 and a beta of 0.83. The company’s 50 day moving average is $15.30 and its 200 day moving average is $16.93. Flowers Foods Inc. has a one year low of $14.35 and a one year high of $24.18.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.00. Flowers Foods had a net margin of 4.67% and a return on equity of 16.16%. The company had revenue of $918.80 million for the quarter, compared to the consensus estimate of $923.81 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Flowers Foods’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Flowers Foods Inc. will post $0.90 EPS for the current year.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Flowers Foods by 33.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,742 shares of the company’s stock valued at $108,000 after buying an additional 1,455 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Flowers Foods during the second quarter valued at approximately $122,000. Creative Planning boosted its stake in shares of Flowers Foods by 3.7% in the third quarter. Creative Planning now owns 8,772 shares of the company’s stock valued at $133,000 after buying an additional 313 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Flowers Foods by 18.9% in the second quarter. Advisors Asset Management Inc. now owns 7,524 shares of the company’s stock valued at $141,000 after buying an additional 1,194 shares during the period. Finally, Invictus RG boosted its stake in shares of Flowers Foods by 57.3% in the first quarter. Invictus RG now owns 7,734 shares of the company’s stock valued at $143,000 after buying an additional 2,817 shares during the period. Institutional investors and hedge funds own 67.18% of the company’s stock.
A number of equities research analysts recently commented on FLO shares. Deutsche Bank AG reissued a “hold” rating on shares of Flowers Foods in a research note on Friday, November 4th. DA Davidson reissued a “hold” rating and issued a $16.00 price objective on shares of Flowers Foods in a research note on Thursday, November 10th. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price objective on shares of Flowers Foods in a research note on Friday, November 11th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Monday. Finally, TheStreet cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.56.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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