Thomas Caldecot Chubb III Purchases 3,000 Shares of Flowers Foods, Inc. (NYSE:FLO) Stock

Flowers Foods, Inc. (NYSE:FLO - Get Free Report) Director Thomas Caldecot Chubb III purchased 3,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $16.88 per share, for a total transaction of $50,640.00. Following the purchase, the director now owns 45,861 shares in the company, valued at approximately $774,133.68. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flowers Foods Price Performance

Shares of NYSE FLO traded down $0.08 during mid-day trading on Friday, hitting $16.92. 4,067,397 shares of the company's stock traded hands, compared to its average volume of 1,658,037. 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, Inc. has a 1 year low of $16.29 and a 1 year high of $23.87. The company has a market capitalization of $3.57 billion, a P/E ratio of 14.46, a PEG ratio of 8.72 and a beta of 0.37. The company's 50-day moving average is $17.79 and its two-hundred day moving average is $19.26.

Flowers Foods (NYSE:FLO - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.60 billion. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. On average, equities analysts anticipate 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. Shareholders of record on Thursday, June 5th will be paid a $0.2475 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.99 annualized dividend and a yield of 5.85%. This is an increase from Flowers Foods's previous quarterly dividend of $0.24. Flowers Foods's dividend payout ratio (DPR) is presently 91.67%.

Analysts Set New Price Targets

Several analysts have commented on FLO shares. Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. Truist Financial decreased their target price on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, February 10th. DA Davidson decreased their target price on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Jefferies Financial Group decreased their target price on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $19.25.

Institutional Trading of Flowers Foods

Several institutional investors have recently added to or reduced their stakes in FLO. Canada Pension Plan Investment Board bought a new stake in Flowers Foods in the fourth quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Flowers Foods in the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in Flowers Foods by 617.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock worth $32,000 after purchasing an additional 1,463 shares during the last quarter. UMB Bank n.a. grew its stake in Flowers Foods by 2,191.6% in the 1st quarter. UMB Bank n.a. now owns 2,177 shares of the company's stock worth $41,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Flowers Foods by 904.8% in the 1st quarter. Allworth Financial LP now owns 2,502 shares of the company's stock worth $45,000 after acquiring an additional 2,253 shares in the last quarter. Institutional investors own 75.45% of the company's stock.

About Flowers Foods

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.