Other analysts have also issued research reports about the company. Jefferies Group reaffirmed a buy rating and issued a $20.00 price target on shares of Flowers Foods in a research note on Tuesday, December 13th. Zacks Investment Research raised Flowers Foods from a sell rating to a hold rating in a research note on Monday, November 14th. BMO Capital Markets reaffirmed a hold rating and issued a $17.00 price target on shares of Flowers Foods in a research note on Friday, November 11th. DA Davidson reaffirmed a hold rating and issued a $16.00 price target on shares of Flowers Foods in a research note on Thursday, November 10th. Finally, Deutsche Bank AG reaffirmed a hold rating on shares of Flowers Foods in a research note on Friday, November 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $19.60.
Flowers Foods (NYSE:FLO) opened at 19.44 on Thursday. Flowers Foods has a 12-month low of $14.35 and a 12-month high of $22.08. The company’s 50-day moving average price is $18.11 and its 200-day moving average price is $16.70. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 22.37 and a beta of 0.85.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.00. The company earned $918.80 million during the quarter, compared to analyst estimates of $923.81 million. Flowers Foods had a net margin of 4.67% and a return on equity of 16.16%. Flowers Foods’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Equities analysts expect that Flowers Foods will post $0.91 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.29%. Flowers Foods’s payout ratio is currently 74.42%.
In related news, EVP Stephen R. Avera sold 70,845 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $19.50, for a total value of $1,381,477.50. Following the completion of the sale, the executive vice president now owns 499,379 shares in the company, valued at $9,737,890.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Steve Kinsey sold 89,902 shares of the company’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $19.22, for a total value of $1,727,916.44. Following the completion of the sale, the chief financial officer now owns 338,705 shares of the company’s stock, valued at approximately $6,509,910.10. The disclosure for this sale can be found here. Insiders own 16.87% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Flowers Foods by 33.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,742 shares of the company’s stock worth $108,000 after buying an additional 1,455 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Flowers Foods by 18.9% in the second quarter. Advisors Asset Management Inc. now owns 7,524 shares of the company’s stock worth $141,000 after buying an additional 1,194 shares in the last quarter. Creative Planning increased its stake in Flowers Foods by 3.7% in the third quarter. Creative Planning now owns 8,772 shares of the company’s stock worth $133,000 after buying an additional 313 shares in the last quarter. LS Investment Advisors LLC increased its stake in Flowers Foods by 69.6% in the second quarter. LS Investment Advisors LLC now owns 11,143 shares of the company’s stock worth $209,000 after buying an additional 4,574 shares in the last quarter. Finally, American Research & Management Co. increased its stake in Flowers Foods by 1.8% in the second quarter. American Research & Management Co. now owns 11,201 shares of the company’s stock worth $210,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 69.40% of the company’s stock.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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