Flowers Foods Chairman Buys $147,750 in Stock (FLO)
Flowers Foods (NYSE:FLO) Chairman George E. Deese acquired 7,500 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $19.70 per share, with a total value of $147,750.00. Following the completion of the acquisition, the chairman now directly owns 2,069,426 shares in the company, valued at approximately $40,767,692. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Flowers Foods (NYSE:FLO) traded up 1.71% during mid-day trading on Friday, hitting $20.20. The stock had a trading volume of 2,107,156 shares. Flowers Foods has a 52 week low of $18.1467 and a 52 week high of $25.67. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $22.07. The company has a market cap of $4.294 billion and a P/E ratio of 18.24.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.01. The company had revenue of $843.60 million for the quarter, compared to the consensus estimate of $883.76 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Flowers Foods will post $1.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.23%.
Separately, analysts at BB&T Corp. cut their price target on shares of Flowers Foods from $25.00 to $24.00 in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued 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 $26.88.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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