Flowers Foods, Inc. (NYSE:FLO) Director William Jameson Mcfadden Acquires 3,000 Shares

Flowers Foods, Inc. (NYSE:FLO - Get Free Report) Director William Jameson Mcfadden purchased 3,000 shares of Flowers Foods stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $16.92 per share, with a total value of $50,760.00. Following the completion of the purchase, the director now directly owns 532,476 shares of the company's stock, valued at approximately $9,009,493.92. This trade represents a 0.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Flowers Foods Stock Performance

Shares of NYSE:FLO traded down $0.08 during midday trading on Friday, hitting $16.92. The company had a trading volume of 4,067,397 shares, compared to its average volume of 1,659,001. Flowers Foods, Inc. has a 12-month low of $16.29 and a 12-month high of $23.87. The company has a fifty day moving average of $17.81 and a two-hundred day moving average of $19.31. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 8.72 and a beta of 0.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. The company had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The business's quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.2475 dividend. The ex-dividend date is Thursday, June 5th. This is a boost from Flowers Foods's previous quarterly dividend of $0.24. This represents a $0.99 dividend on an annualized basis and a dividend yield of 5.85%. Flowers Foods's dividend payout ratio is 91.67%.

Institutional Trading of Flowers Foods

Several institutional investors and hedge funds have recently modified their holdings of FLO. Barclays PLC increased its stake in Flowers Foods by 88.6% in the 3rd quarter. Barclays PLC now owns 287,625 shares of the company's stock worth $6,636,000 after buying an additional 135,111 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Flowers Foods by 642.6% in the fourth quarter. SG Americas Securities LLC now owns 113,637 shares of the company's stock worth $2,348,000 after acquiring an additional 98,335 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Flowers Foods by 10.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 105,514 shares of the company's stock worth $2,180,000 after purchasing an additional 9,626 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Flowers Foods by 3.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 32,191 shares of the company's stock worth $665,000 after purchasing an additional 1,066 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Flowers Foods by 69.8% during the 4th quarter. Blue Trust Inc. now owns 3,428 shares of the company's stock valued at $71,000 after purchasing an additional 1,409 shares during the period. 75.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FLO shares. Wall Street Zen downgraded Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. DA Davidson dropped their target price on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Truist Financial cut their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, February 10th. Finally, Jefferies Financial Group lowered their price objective on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, Flowers Foods currently has a consensus rating of "Hold" and an average target price of $19.25.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.