How Jefferies Currently Rates Flowers Foods (NYSE:FLO)
Jefferies have initiated coverage on Flowers Foods (NYSE:FLO) shares recently in a note revealed to clients and investors on Wednesday morning. The financial firm has decided to place a Buy rating on FLO stock.
From a total of 5 analysts covering Flowers Foods (NYSE:FLO) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $30 while the lowest target price is $10. The mean of all analyst targets is $24.4 with a 28.21% above today’s ($22.23) stock price. Flowers Foods was the topic of 5 analyst reports since September 21, 2015 according to the firm StockzIntelligence Inc. SunTrust maintained shares on September 22 with “Buy” rating.
Approximately 421,364 shares of stock traded hands. Flowers Foods, Inc. (NYSE:FLO) has declined 4.36% since May 13, 2015 and is downtrending. It has underperformed by 1.73% the S&P500.
The overall sentiment of institutions has increased to 1.46 in Q2 2015. Its up 0.31, from 1.15 in 2015Q2. The ratio increased, as 24 institutions have sold all the shares of Flowers Foods, Inc. that they owned while 80 funds have taken shares off the table. 55 funds have purchased shares for the first time while 97 added to their positions. These institutions now hold 141.07 million shares or 2.68% more than the 137.39 million shares they owned in 2015Q2.
The Fund Wellington Shields Capital Management Llc currently is holding shares equating to 31.62% of its total portfolio in Flowers Foods, Inc. representing a total of 7.42 million shares. Another fund,Southeast Asset Advisors Inc., is holding a total of 2.28 million shares equating to 21.46% of their holdings. Additionally, Villere St Denis J & Co Llc has a 4.59 million share stake in Flowers Foods, Inc. which represents 6.01% of their total portfolio. The Fund, Tnb Financial, based out of Georgia, has also built up a stake in the stock, which represents a total of 3.9% of their total portfolio. Finally National Investment Services Inc Wi, a fund which is based in the state of Wisconsin reported a total holdings of 77,016 shares.
Insider activity is a very important aspect to track on any stock. Going back to September 14, 2015, shareholders of Flowers Foods, Inc. have witnessed 0 insider buys, and a total of 10 selling transactions equating to a net activity of approximately $17.65 million . Taylor Tonja W sold 2,746 shares worth approximately $69,681. Stone Dan W sold 8,550 shares worth approximately $217,298. Hysell Robert B sold 17,274 shares worth approximately $435,723. Turner Marta Jones sold 24,200 shares worth approximately $611,244. The company insider Avera Stephen R sold 61,700 shares worth $1.51M.
Flowers Foods, Inc. is a producer and marketer of a line of bakery products on a national and super-regional basis. The company has a market cap of $4.64 billion. The Firm operates in two divisions: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). It has 25.59 P/E ratio. The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes.
According to Zacks Investment Research, “Flowers Foods, Inc. is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products in the United States. Flowers Foods consists of Flowers Bakeries and Mrs. Smith’s Bakeries.”