Flowers Foods, Inc. (NYSE:FLO) insider Debo Mukherjee acquired 1,550 shares of Flowers Foods stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $20.20 per share, for a total transaction of $31,310.00. Following the purchase, the insider now owns 1,550 shares in the company, valued at $31,310. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NYSE FLO opened at $20.31 on Tuesday. The company has a market cap of $4.29 billion, a PE ratio of 21.61 and a beta of 0.49. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.05 and a current ratio of 1.36. Flowers Foods, Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $22.82.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, February 6th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $880.67 million for the quarter, compared to the consensus estimate of $869.41 million. Flowers Foods had a return on equity of 15.46% and a net margin of 3.98%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. On average, equities analysts expect that Flowers Foods, Inc. will post 0.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, February 28th. Flowers Foods’s dividend payout ratio is currently 76.60%.
Several equities analysts have recently weighed in on FLO shares. Pivotal Research reissued a “sell” rating and set a $16.00 target price on shares of Flowers Foods in a research report on Thursday, February 7th. ValuEngine raised Flowers Foods from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Finally, Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and an average target price of $20.17.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLO. Strs Ohio grew its position in Flowers Foods by 2.5% in the 4th quarter. Strs Ohio now owns 25,661 shares of the company’s stock valued at $473,000 after acquiring an additional 630 shares during the last quarter. Taylor Frigon Capital Management LLC grew its position in Flowers Foods by 1.4% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 47,674 shares of the company’s stock valued at $881,000 after acquiring an additional 655 shares during the last quarter. Retirement Systems of Alabama grew its position in Flowers Foods by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 237,890 shares of the company’s stock valued at $4,394,000 after acquiring an additional 792 shares during the last quarter. Advisor Group Inc. grew its position in Flowers Foods by 11.1% in the 4th quarter. Advisor Group Inc. now owns 9,133 shares of the company’s stock valued at $168,000 after acquiring an additional 909 shares during the last quarter. Finally, American International Group Inc. grew its position in Flowers Foods by 0.3% in the 4th quarter. American International Group Inc. now owns 373,907 shares of the company’s stock valued at $6,906,000 after acquiring an additional 1,029 shares during the last quarter. 66.38% of the stock is currently owned by hedge funds and other institutional investors.
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Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery. The Direct-Store-Delivery segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Dave's Killer Bread, Tastykake, Wonder, and Cobblestone Bread Company brand names.
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