Flowers Foods (NYSE:FLO) had declared a cash dividend of $0.1600 on Aug 19, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed for Sep 2, 2016. On Aug 19, 2016 share price, the yield comes out to be 4.2216%. The dividend payable date has been fixed on Sep 16, 2016.
In a different note, On Aug 11, 2016, Jefferies said it Maintains its rating on Flowers Foods. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Deutsche Bank said it Maintains its rating on Flowers Foods. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Hold’ by the firm. KeyBanc said it Initiates Coverage on Flowers Foods, according to a research note issued on May 26, 2016. The shares have been rated ‘Sector Weight’ by the firm.
Flowers Foods (FLO) made into the market gainers list on Mondays trading session with the shares advancing 1.26% or 0.19 points. Due to strong positive momentum, the stock ended at $15.22, which is also near the day’s high of $15.26. The stock began the session at $15.13 and the volume stood at 29,46,166 shares. The 52-week high of the shares is $27.31 and the 52 week low is $14.35. The company has a current market capitalization of $3,149 M and it has 20,68,70,340 shares in outstanding.
Flowers Foods(FLO) last announced its earnings results on Aug 10, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $935.02M. Analysts had an estimated revenue of $948.98M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.26.
Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Margaret G Lewis (director) purchased 1,800 shares at $15.30 per share price.Also, On Jul 1, 2016, Robert L Jr Benton (SVP/ChiefManufacturingOfficer) sold 12,065 shares at $18.47 per share price.On Jun 29, 2016, Karyl H Lauder (SVP & Chief Accounting Officer) sold 23,500 shares at $17.96 per share price, according to the Form-4 filing with the securities and exchange commission.
Flowers Foods Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods including breads buns rolls tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls and snack products. It operates eight bakeries that produce snack cakes breads and rolls for national retail foodservice vending and co-pack customers which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries of which 44 are owned and two are leased and one mix plant.