Somewhat Positive News Coverage Somewhat Unlikely to Impact Flowers Foods (FLO) Share Price
News stories about Flowers Foods (NYSE:FLO) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Flowers Foods earned a news impact score of 0.01 on Accern’s scale. Accern also gave news coverage about the company an impact score of 48.5213708171982 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Marketer’s Brief: Creepy or Cool? Walmart Wants to Stock Your Fridge in Person (adage.com)
- Zacks: Brokerages Expect Flowers Foods, Inc. (FLO) Will Post Earnings of $0.19 Per Share (americanbankingnews.com)
- Flowers Foods, Inc. (FLO) SVP Sells $523,736.07 in Stock (americanbankingnews.com)
- Slideshow: New products from Flowers Foods, Mondelez, GH Cretors – Baking Business (bakingbusiness.com)
- Flowers Foods, Inc. (FLO) stock triggers Dividend Yield at 3.64% – Voice Of Analysts (analystsbuzz.com)
Flowers Foods (NYSE:FLO) opened at 18.70 on Tuesday. The stock has a market capitalization of $3.91 billion, a PE ratio of 24.64 and a beta of 1.01. Flowers Foods has a 1-year low of $14.84 and a 1-year high of $21.00. The stock’s 50 day moving average price is $18.11 and its 200 day moving average price is $18.35.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $926.64 million for the quarter, compared to the consensus estimate of $931.26 million. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. Equities research analysts forecast that Flowers Foods will post $0.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.64%. The ex-dividend date was Wednesday, August 30th. Flowers Foods’s dividend payout ratio is currently 90.67%.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group LLC cut Flowers Foods from a “buy” rating to a “hold” rating and reduced their target price for the company from $23.00 to $19.00 in a research note on Friday, July 28th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Flowers Foods currently has an average rating of “Hold” and an average price target of $19.67.
In other Flowers Foods news, Chairman Amos R. Mcmullian purchased 20,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $17.91 per share, with a total value of $358,200.00. Following the transaction, the chairman now directly owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marta Jones Turner sold 37,062 shares of Flowers Foods stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the transaction, the executive vice president now directly owns 266,444 shares in the company, valued at $4,772,012.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,735 shares of company stock worth $1,818,921. Company insiders own 15.81% of the company’s stock.
About Flowers Foods
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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