Flowers Foods, Inc. (FLO) CFO R Steve Kinsey Sells 116,067 Shares
Flowers Foods, Inc. (NYSE:FLO) CFO R Steve Kinsey sold 116,067 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total transaction of $2,250,539.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Flowers Foods, Inc. (NYSE FLO) traded up $0.09 on Friday, reaching $20.07. 1,277,186 shares of the company’s stock were exchanged, compared to its average volume of 1,607,655. Flowers Foods, Inc. has a 12 month low of $15.31 and a 12 month high of $21.00. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market cap of $4,185.90, a price-to-earnings ratio of 22.69, a PEG ratio of 3.80 and a beta of 1.04.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The company had revenue of $932.80 million during the quarter, compared to analyst estimates of $915.55 million. During the same period last year, the firm posted $0.21 EPS. Flowers Foods’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts anticipate that Flowers Foods, Inc. will post 0.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, November 30th. Flowers Foods’s dividend payout ratio (DPR) is 170.00%.
Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a research report on Friday, November 10th. TheStreet lowered shares of Flowers Foods from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.43.
Several large investors have recently bought and sold shares of FLO. Wellington Shields Capital Management LLC increased its holdings in shares of Flowers Foods by 106.7% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 14,794,716 shares of the company’s stock valued at $278,289,000 after purchasing an additional 7,638,437 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Flowers Foods by 120.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,708,776 shares of the company’s stock valued at $29,579,000 after purchasing an additional 934,699 shares in the last quarter. Denver Investment Advisors LLC purchased a new position in shares of Flowers Foods during the 2nd quarter valued at approximately $11,938,000. Hamlin Capital Management LLC increased its holdings in shares of Flowers Foods by 15.8% during the 3rd quarter. Hamlin Capital Management LLC now owns 3,860,784 shares of the company’s stock valued at $72,621,000 after purchasing an additional 525,394 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Flowers Foods during the 2nd quarter valued at approximately $443,000. 70.14% of the stock is owned by hedge funds and other institutional investors.
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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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