Investing In Flowers Foods, Inc. (NYSE: FLO): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Flowers Foods to Report Fourth Quarter and Full Year 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $23.36 and fluctuated between $23.50 as its day high and $23.07 as its day low. The current market capitalization of Flowers Foods, Inc. is $4.93B. A total of 1.1 million shares were traded on the day, compared to an average of 1.21M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FLO has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,297 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 21 SELLs from insiders. Insiders purchased 608,415 shares during that period but sold 221,545.

In the most recent transaction, KINSEY R STEVE bought 1,780 shares of FLO for 22.46 per share on Dec 20. After the transaction, the Chief Financial Officer & CAO now owns 399,520 company shares. In a previous transaction on Dec 19, TILLMAN STEPHANIE B bought 700 shares at 22.37 per share. FLO shares that Chief Legal Counsel owns now total 25,579.

Among the insiders who bought shares, McMullian Ryals acquired of 9,100 shares on Dec 18 at a per-share price of $21.99. This resulted in the Chairman and CEO holding 849,028 shares of FLO after the transaction. In another insider transaction, COURTNEY H MARK sold 14,272 shares at $24.39 per share on Jun 28. Company shares held by the Chief Brand Officer now total 41,488.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Flowers Foods, Inc. pays an annual dividend of $0.90, resulting in a dividend yield of 3.83%, and it has a price to earnings (P/E) ratio of 36.61. FLO’s most recent ex-dividend date was 11/30/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The FLO stock dividend was $0.23 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FLO in the last 3 months, the mean price target is $24.00 with high estimates of $30.00 and low estimates of $22.00. In terms of 52-week highs and lows, FLO has a high of $29.10 and a low of $19.64.

As of this writing, FLO has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.24 per share and a lower estimate of $0.2. The company reported an EPS of $0.33 in the last quarter, which was 17.90% higher than expectations of $0.28.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FLO is Buy with a score of 3.00.

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