Amos R. Mcmullian Acquires 20,000 Shares of Flowers Foods, Inc. (FLO) Stock
Flowers Foods, Inc. (NYSE:FLO) Chairman Amos R. Mcmullian acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $17.91 per share, with a total value of $358,200.00. Following the completion of the acquisition, the chairman now owns 3,643,717 shares of the company’s stock, valued at approximately $65,258,971.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Flowers Foods, Inc. (FLO) traded down 1.17% on Tuesday, reaching $17.80. The company’s stock had a trading volume of 1,211,471 shares. The firm’s 50-day moving average price is $17.54 and its 200 day moving average price is $18.78. The company has a market cap of $3.73 billion, a P/E ratio of 23.45 and a beta of 0.97. Flowers Foods, Inc. has a 52-week low of $14.51 and a 52-week high of $21.00.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The company had revenue of $926.64 million during the quarter, compared to analyst estimates of $931.26 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that Flowers Foods, Inc. will post $0.86 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Oxbow Advisors LLC increased its stake in Flowers Foods by 1.6% in the first quarter. Oxbow Advisors LLC now owns 23,440 shares of the company’s stock worth $455,000 after buying an additional 365 shares during the period. Prudential Financial Inc. increased its stake in Flowers Foods by 186.5% in the first quarter. Prudential Financial Inc. now owns 302,816 shares of the company’s stock worth $5,878,000 after buying an additional 197,120 shares during the period. Janus Capital Management LLC increased its stake in Flowers Foods by 123.8% in the first quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock worth $1,663,000 after buying an additional 47,400 shares during the period. BTIM Corp. increased its stake in Flowers Foods by 4.0% in the second quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock worth $20,515,000 after buying an additional 46,117 shares during the period. Finally, Americafirst Capital Management LLC bought a new stake in Flowers Foods during the first quarter worth approximately $1,683,000. 67.47% of the stock is owned by institutional investors and hedge funds.
FLO has been the subject of a number of analyst reports. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. Jefferies Group LLC downgraded Flowers Foods from a “buy” rating to a “hold” rating and decreased their price target for the company from $23.00 to $19.00 in a research note on Friday, July 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and a consensus target price of $19.67.
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.
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