Flowers Foods (FLO) Getting Somewhat Favorable News Coverage, Study Finds

Media stories about Flowers Foods (NYSE:FLO) have trended somewhat positive on Friday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flowers Foods earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.7947628111537 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several analysts recently issued reports on the company. Pivotal Research raised Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, November 9th. Zacks Investment Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, November 13th. SunTrust Banks restated a “hold” rating and issued a $20.00 target price on shares of Flowers Foods in a research report on Friday, November 10th. BMO Capital Markets raised their target price on Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, November 15th. Finally, TheStreet cut Flowers Foods from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.17.

Shares of Flowers Foods (NYSE FLO) opened at $18.99 on Friday. Flowers Foods has a 1 year low of $16.80 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.01. The company has a market capitalization of $3,980.00, a P/E ratio of 47.48, a P/E/G ratio of 3.43 and a beta of 1.04.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The firm had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $915.55 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. equities analysts anticipate that Flowers Foods will post 0.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, November 30th. Flowers Foods’s dividend payout ratio (DPR) is presently 170.00%.

In other news, insider Brad K. Alexander sold 81,000 shares of Flowers Foods stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $19.07, for a total transaction of $1,544,670.00. Following the transaction, the insider now directly owns 245,412 shares in the company, valued at approximately $4,680,006.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Allen L. Shiver sold 177,081 shares of Flowers Foods stock in a transaction on Monday, November 13th. The shares were sold at an average price of $19.00, for a total value of $3,364,539.00. Following the transaction, the chief executive officer now owns 978,353 shares in the company, valued at $18,588,707. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 448,016 shares of company stock worth $8,588,807. 15.81% of the stock is owned by insiders.

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Flowers Foods Company Profile

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Insider Buying and Selling by Quarter for Flowers Foods (NYSE:FLO)

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