Flowers Foods, Inc. (FLO) SVP Sells $523,736.07 in Stock
Flowers Foods, Inc. (NYSE:FLO) SVP Karyl H. Lauder sold 28,173 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total transaction of $523,736.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Flowers Foods, Inc. (FLO) traded down 0.69% on Thursday, hitting $18.70. 783,026 shares of the stock were exchanged. The company has a 50-day moving average of $18.03 and a 200-day moving average of $18.37. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 24.64 and a beta of 1.01. Flowers Foods, Inc. has a 12 month low of $14.60 and a 12 month high of $21.00.
Flowers Foods (NYSE:FLO) last announced its quarterly 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. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The firm 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 posted $0.26 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts predict that Flowers Foods, Inc. will post $0.85 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid 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 3.64%. Flowers Foods’s dividend payout ratio is presently 90.67%.
A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating and reduced their target price for the company from $23.00 to $19.00 in a research report on Friday, July 28th. BMO Capital Markets reissued a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Flowers Foods by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock valued at $116,000 after buying an additional 629 shares during the period. Ledyard National Bank grew its position in Flowers Foods by 6.0% during the second quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock valued at $153,000 after buying an additional 500 shares during the period. Crescent Grove Advisors LLC bought a new stake in Flowers Foods during the second quarter valued at approximately $173,000. AMG National Trust Bank bought a new stake in Flowers Foods during the second quarter valued at approximately $196,000. Finally, ARP Americas LLC bought a new stake in Flowers Foods during the second quarter valued at approximately $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.
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