Flowers Foods, Inc. (FLO) Insider Robert L. Benton, Jr. Sells 15,000 Shares of Stock
Flowers Foods, Inc. (NYSE:FLO) insider Robert L. Benton, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.87, for a total transaction of $283,050.00. Following the sale, the insider now directly owns 81,677 shares of the company’s stock, valued at $1,541,244.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Flowers Foods, Inc. (FLO) traded down 0.16% during trading on Thursday, reaching $18.80. 263,443 shares of the company’s stock were exchanged. Flowers Foods, Inc. has a 1-year low of $14.60 and a 1-year high of $21.00. The company’s 50-day moving average is $18.03 and its 200-day moving average is $18.37. The company has a market capitalization of $3.94 billion, a PE ratio of 24.77 and a beta of 1.01.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 business had revenue of $926.64 million for the quarter, compared to analyst estimates of $931.26 million. During the same period last year, the business posted $0.26 EPS. Flowers Foods’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that Flowers Foods, Inc. will post $0.85 earnings per share 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 paid a $0.17 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.61%. Flowers Foods’s payout ratio is presently 90.67%.
A number of analysts recently weighed in on FLO shares. BidaskClub raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research report on Thursday, August 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Flowers Foods currently has a consensus rating of “Hold” and a consensus target price of $19.67.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Flowers Foods by 10.3% in the 2nd 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 last quarter. Ledyard National Bank grew its position in Flowers Foods by 6.0% in the 2nd quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock worth $153,000 after purchasing an additional 500 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in Flowers Foods in the 2nd quarter worth $173,000. AMG National Trust Bank acquired a new stake in Flowers Foods in the 2nd quarter worth $196,000. Finally, Archford Capital Strategies LLC grew its position in Flowers Foods by 71,581.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 11,469 shares of the company’s stock worth $628,000 after purchasing an additional 11,453 shares during the last quarter. Institutional investors and hedge funds own 64.66% of the company’s stock.
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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