Insider Selling: David Hubbard Sells 1,600 Shares of Flowers Foods Stock (FLO)
Flowers Foods (NYSE:FLO) SVP David Hubbard sold 1,600 shares of Flowers Foods stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $19.05, for a total value of $30,480.00. Following the transaction, the senior vice president now directly owns 12,529 shares of the company’s stock, valued at approximately $238,677. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Flowers Foods (NYSE:FLO) traded up 0.21% during mid-day trading on Thursday, hitting $19.10. 852,361 shares of the company’s stock traded hands. Flowers Foods has a 52 week low of $18.50 and a 52 week high of $25.67. The stock has a 50-day moving average of $19.5 and a 200-day moving average of $20.40. The company has a market cap of $4.002 billion and a price-to-earnings ratio of 23.22.
Flowers Foods (NYSE:FLO) last announced its earnings results on Tuesday, August 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the 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 $0.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Flowers Foods from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 19th. They now have a $18.40 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Flowers Foods in a research note on Wednesday, August 13th. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Flowers Foods in a research note on Tuesday, August 5th. They now have a $24.00 price target on the stock, down previously from $26.00. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and a consensus price target of $23.23.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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