450 institutions hold shares in Flowers Foods Inc. (FLO), with 15.51M shares held by insiders accounting for 7.32% while institutional investors hold 74.64% of the company’s shares. The shares outstanding are 211.80M, and float is at 194.14M with Short Float at 4.82%. Institutions hold 69.17% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 19.21 million shares valued at $434.65 million. The investor’s holdings represent 9.07% of the FLO Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 18.18 million shares valued at $411.36 million to account for 8.59% of the shares outstanding. The other top investors are Blackrock Inc. which holds 17.21 million shares representing 8.13% and valued at over $389.37 million, while Wellington Shields Capital Management, Llc holds 3.10% of the shares totaling 6.56 million with a market value of $148.47 million.
Flowers Foods Inc. (NYSE: FLO) is 5.44% higher on its value in year-to-date trading and has touched a low of $21.19 and a high of $25.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLO stock was last observed hovering at around $23.91 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $25.00 for the next 12 months. It is also 14.79% off the consensus price target high of $28.00 offered by 6 analysts, but current levels are -8.45% lower than the price target low of $22.00 for the same period.
Currently trading at $23.86, the stock is -0.85% and 1.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.21% at the moment leaves the stock 2.40% off its SMA200. FLO registered 4.47% gain for a year compared to 6-month gain of -1.20%. The firm has a 50-day simple moving average (SMA 50) of $23.94 and a 200-day simple moving average (SMA200) of $23.11.
The stock witnessed a -2.17% loss in the last 1 month and extending the period to 3 months gives it a 2.84%, and is -2.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.42% over the month.
Flowers Foods Inc. (FLO) has around 9200 employees, a market worth around $5.07B and $4.39B in sales. Current P/E ratio is 33.28 and Fwd P/E is 20.00. Profit margin for the company is 3.50%. Distance from 52-week low is 12.60% and -5.23% from its 52-week high. The company has generated returns on investments over the last 12 months (11.60%).
Flowers Foods Inc. (FLO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Flowers Foods Inc. (FLO) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 3.00, where 5 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Flowers Foods Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.4 with sales reaching $1.33B over the same period.The EPS is expected to shrink by -7.60% this year, but quarterly earnings will post -3.00% year-over-year. Quarterly sales are estimated to shrink -1.70% in year-over-year returns.
Flowers Foods Inc. (FLO) Insider Activity
A total of 13 insider transactions have happened at Flowers Foods Inc. (FLO) in the last six months, with sales accounting for 5 and purchases happening 8 times. The most recent transaction is an insider purchase by STITH MELVIN T, the company’s Director. SEC filings show that STITH MELVIN T bought 4 shares of the company’s common stock on Sep 15 at a price of $23.20 per share for a total of $95.0. Following the purchase, the insider now owns 63.0 shares.
Flowers Foods Inc. (FLO): Who are the competitors?
The company’s main competitors (and peers) include Post Holdings Inc. (POST) that is trading 20.74% up over the past 12 months. TreeHouse Foods Inc. (THS) is -9.70% down on the 1-year trading charts. Short interest in the company’s stock has fallen -6.97% from the last report on Apr 14, 2021 to stand at a total of 9.36 million short shares sold with a short interest ratio of 9.86.