Flowers Foods, Inc. (NYSE:FLO) insider Robert L. Benton, Jr. sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $18.83, for a total value of $348,355.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Flowers Foods, Inc. (FLO) traded up 0.86% during trading on Wednesday, hitting $18.83. The stock had a trading volume of 1,061,877 shares. Flowers Foods, Inc. has a 12 month low of $14.60 and a 12 month high of $21.00. The company has a market cap of $3.94 billion, a PE ratio of 24.81 and a beta of 1.01. The stock has a 50 day moving average of $18.00 and a 200 day moving average of $18.37.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $926.64 million for the quarter, compared to the consensus estimate of $931.26 million. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Equities analysts forecast that Flowers Foods, Inc. will post $0.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.61%. Flowers Foods’s dividend payout ratio is currently 90.67%.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/04/flowers-foods-inc-flo-insider-sells-348355-00-in-stock.html.

Several research firms have weighed in on FLO. BidaskClub raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC cut Flowers Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $23.00 to $19.00 in a report on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Finally, Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.67.

Several large investors have recently bought and sold shares of FLO. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Flowers Foods by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after buying an additional 629 shares in the last quarter. Ledyard National Bank lifted its position in shares of Flowers Foods by 6.0% in the second quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock worth $153,000 after buying an additional 500 shares in the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Flowers Foods in the second quarter worth about $173,000. AMG National Trust Bank purchased a new stake in shares of Flowers Foods in the second quarter worth about $196,000. Finally, ARP Americas LLC purchased a new stake in shares of Flowers Foods in the second quarter worth about $213,000. Institutional investors own 64.66% of the company’s stock.

Flowers Foods Company Profile

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.

Insider Buying and Selling by Quarter for Flowers Foods (NYSE:FLO)

Receive News & Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.