Flowers Foods, Inc. (NYSE:FLO) insider Stephen R. Avera sold 68,908 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total value of $1,331,991.64. Following the completion of the transaction, the insider now directly owns 553,989 shares of the company’s stock, valued at $10,708,607.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flowers Foods, Inc. (NYSE FLO) traded up $0.09 during midday trading on Friday, hitting $20.07. The stock had a trading volume of 1,277,186 shares, compared to its average volume of 1,607,655. Flowers Foods, Inc. has a 12 month low of $15.31 and a 12 month high of $21.00. The firm has a market capitalization of $4,185.90, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.28.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $932.80 million during the quarter, compared to the consensus estimate of $915.55 million. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. analysts forecast that Flowers Foods, Inc. will post 0.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Thursday, November 30th. Flowers Foods’s dividend payout ratio is currently 170.00%.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, November 15th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a report on Friday, November 10th. TheStreet cut Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Finally, BidaskClub raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.43.

Several large investors have recently made changes to their positions in FLO. Wellington Shields Capital Management LLC grew its position in shares of Flowers Foods by 106.7% in the third quarter. Wellington Shields Capital Management LLC now owns 14,794,716 shares of the company’s stock valued at $278,289,000 after purchasing an additional 7,638,437 shares during the period. Deprince Race & Zollo Inc. grew its position in shares of Flowers Foods by 120.8% in the second quarter. Deprince Race & Zollo Inc. now owns 1,708,776 shares of the company’s stock valued at $29,579,000 after purchasing an additional 934,699 shares during the period. Denver Investment Advisors LLC purchased a new stake in shares of Flowers Foods in the second quarter valued at $11,938,000. Hamlin Capital Management LLC grew its position in shares of Flowers Foods by 15.8% in the third quarter. Hamlin Capital Management LLC now owns 3,860,784 shares of the company’s stock valued at $72,621,000 after purchasing an additional 525,394 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Flowers Foods in the second quarter valued at $443,000. 70.14% of the stock is owned by institutional investors and hedge funds.

WARNING: “Flowers Foods, Inc. (FLO) Insider Stephen R. Avera Sells 68,908 Shares of Stock” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/02/flowers-foods-inc-flo-insider-stephen-r-avera-sells-68908-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Flowers Foods (NYSE:FLO)

Receive News & Stock Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related stocks with our FREE daily email newsletter.