Flowers Foods Inc. (FLO) SVP Tonja W. Taylor Sells 4,425 Shares
Flowers Foods Inc. (NYSE:FLO) SVP Tonja W. Taylor sold 4,425 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $15.91, for a total value of $70,401.75. Following the transaction, the senior vice president now owns 17,594 shares of the company’s stock, valued at $279,920.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Flowers Foods Inc. (NYSE:FLO) traded up 0.31% on Tuesday, reaching $16.25. The company’s stock had a trading volume of 280,391 shares. The stock has a market cap of $3.37 billion, a PE ratio of 18.70 and a beta of 0.83. Flowers Foods Inc. has a 12-month low of $14.35 and a 12-month high of $24.18. The company’s 50 day moving average price is $15.40 and its 200-day moving average price is $16.84.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, November 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.00. Flowers Foods had a return on equity of 16.16% and a net margin of 4.67%. The firm earned $918.80 million during the quarter, compared to the consensus estimate of $923.81 million. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Flowers Foods Inc. will post $0.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, November 30th. Flowers Foods’s dividend payout ratio is currently 74.42%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position 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 in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Flowers Foods during the second quarter valued at about $122,000. Creative Planning raised 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 in the last quarter. Advisors Asset Management Inc. raised 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 in the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Flowers Foods during the third quarter valued at about $178,000. 67.87% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on FLO. Pivotal Research reiterated a “sell” rating and issued a $4.00 target price on shares of Flowers Foods in a report on Wednesday, October 26th. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “sell” rating in a report on Monday, July 25th. TheStreet downgraded Flowers Foods from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. DA Davidson began coverage on Flowers Foods in a report on Wednesday, October 5th. They issued a “neutral” rating and a $16.00 target price for the company. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Flowers Foods in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company 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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