Flowers Foods, Inc. Declares Quarterly Dividend of $0.12 (FLO)
Flowers Foods (NYSE:FLO) announced a quarterly dividend on Wednesday, May 21st, StockRatingsNetwork.com reports. Shareholders of record on Wednesday, June 4th will be paid a dividend of 0.12 per share on Wednesday, June 18th. This represents a $0.48 annualized dividend and a dividend yield of 2.30%.
A number of research firms have recently commented on FLO. Analysts at Imperial Capital initiated coverage on shares of Flowers Foods in a research note on Thursday, May 1st. They set an “outperform” rating and a $25.00 price target on the stock. On a related note, analysts at KeyCorp raised their price target on shares of Flowers Foods from $23.00 to $25.00 in a research note on Friday, March 21st. Finally, analysts at BMO Capital Markets upgraded shares of Flowers Foods from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 18th. They now have a $24.00 price target on the stock, up previously from $22.00. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Flowers Foods has a consensus rating of “Hold” and an average target price of $25.07.
Shares of Flowers Foods (NYSE:FLO) traded down 1.49% during mid-day trading on Wednesday, hitting $20.569. 191,900 shares of the company’s stock traded hands. Flowers Foods has a 1-year low of $18.70 and a 1-year high of $25.67. The stock has a 50-day moving average of $20.65 and a 200-day moving average of $21.15. The company has a market cap of $4.304 billion and a P/E ratio of 24.51.
Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, May 15th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, analysts predict that Flowers Foods will post $1.02 earnings per share for the current fiscal year.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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