Flowers Foods, Inc. (FLO) Declares Quarterly Dividend of $0.12
Flowers Foods (NYSE:FLO) declared a quarterly dividend on Friday, August 15th, American Banking News.com reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.12 per share on Friday, September 12th. This represents a $0.48 dividend on an annualized basis and a yield of 2.44%.
A number of research firms have recently commented on FLO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Flowers Foods in a research note on Wednesday. They now have a $23.00 price target on the stock, down previously from $24.00. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $24.20.
Shares of Flowers Foods (NYSE:FLO) traded down 1.68% on Friday, hitting $19.32. The stock had a trading volume of 511,025 shares. Flowers Foods has a 52 week low of $18.50 and a 52 week high of $25.67. The stock’s 50-day moving average is $20.12 and its 200-day moving average is $20.47. The company has a market cap of $4.048 billion and a P/E ratio of 23.93. Flowers Foods also was the target of some unusual options trading on Tuesday. Stock investors purchased 127 call options on the stock. This represents an increase of 274% compared to the typical volume of 34 call options.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.03. The company had revenue of $877.40 million for the quarter, compared to the consensus estimate of $940.83 million. Analysts expect that Flowers Foods will post $0.96 EPS 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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