Shares of Flowers Foods, Inc. (NYSE:FLO) have earned an average recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.63.
FLO has been the subject of several recent analyst reports. Hilliard Lyons initiated coverage on Flowers Foods in a research report on Tuesday, April 3rd. They set a “buy” rating and a $25.00 target price for the company. KeyCorp initiated coverage on Flowers Foods in a research report on Tuesday, March 27th. They set an “overweight” rating and a $24.00 target price for the company. Zacks Investment Research lowered Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. ValuEngine upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Consumer Edge upgraded Flowers Foods from a “neutral” rating to an “outperform” rating in a research report on Monday, May 21st.
Shares of Flowers Foods traded up $0.13, hitting $20.46, during trading hours on Monday, Marketbeat.com reports. 1,569,711 shares of the company’s stock traded hands, compared to its average volume of 1,370,338. Flowers Foods has a 1 year low of $16.80 and a 1 year high of $22.82. The firm has a market capitalization of $4.29 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.13.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, June 7th were issued a $0.18 dividend. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.52%. Flowers Foods’s payout ratio is presently 80.90%.
In related news, insider David M. Roach sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total value of $221,655.00. Following the completion of the sale, the insider now owns 67,801 shares in the company, valued at $1,431,279.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.20% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Flowers Foods by 2.9% during the fourth quarter. BlackRock Inc. now owns 14,983,444 shares of the company’s stock worth $289,330,000 after buying an additional 416,393 shares during the period. Koch Industries Inc. lifted its holdings in Flowers Foods by 143.3% during the fourth quarter. Koch Industries Inc. now owns 44,200 shares of the company’s stock worth $854,000 after buying an additional 26,030 shares during the period. LPL Financial LLC lifted its holdings in Flowers Foods by 177.1% during the fourth quarter. LPL Financial LLC now owns 37,216 shares of the company’s stock worth $719,000 after buying an additional 23,784 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Flowers Foods during the fourth quarter worth $342,000. Finally, Suntrust Banks Inc. increased its position in shares of Flowers Foods by 220.6% during the fourth quarter. Suntrust Banks Inc. now owns 172,388 shares of the company’s stock worth $3,327,000 after purchasing an additional 118,622 shares in the last quarter. Institutional investors own 66.40% of the company’s stock.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
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