Flowers Foods Inc. (FLO) SVP Dan W. Stone Sells 13,250 Shares of Stock
Flowers Foods Inc. (NYSE:FLO) SVP Dan W. Stone sold 13,250 shares of Flowers Foods stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $16.15, for a total transaction of $213,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Flowers Foods Inc. (NYSE:FLO) traded up 0.12% during trading on Tuesday, reaching $16.22. 93,664 shares of the company’s stock traded hands. The stock has a market cap of $3.37 billion, a P/E ratio of 18.67 and a beta of 0.83. The company has a 50 day moving average price of $15.40 and a 200-day moving average price of $16.84. Flowers Foods Inc. has a one year low of $14.35 and a one year high of $24.18.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 analyst estimates of $923.81 million. During the same quarter last year, the company earned $0.23 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Flowers Foods Inc. will post $0.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.95%. Flowers Foods’s dividend payout ratio (DPR) is currently 74.42%.
Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in 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 position in shares of Flowers Foods during the second quarter valued at $122,000. Creative Planning increased its position 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. increased its position 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, World Asset Management Inc acquired a new position in shares of Flowers Foods during the third quarter valued at $178,000. Hedge funds and other institutional investors own 67.87% of the company’s stock.
A number of analysts have recently commented on FLO shares. TheStreet lowered shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Pivotal Research reiterated a “sell” rating and issued a $4.00 price target on shares of Flowers Foods in a research note on Wednesday, October 26th. DA Davidson initiated coverage on shares of Flowers Foods in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $16.00 price target for the company. Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $17.00 price objective on shares of Flowers Foods in a report on Friday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Flowers Foods presently has a consensus rating of “Hold” and an average price target of $17.56.
About Flowers Foods
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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