Flowers Foods Inc. (NYSE: FLO) stock jumped 0.35% on Friday to $25.87 against a previous-day closing price of $25.78. With 1.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $26.07 whereas the lowest price it dropped to was $25.68. The 52-week range on FLO shows that it touched its highest point at $29.73 and its lowest point at $22.99 during that stretch. It currently has a 1-year price target of $29.50. With its current market cap of 5.48 billion, FLO has annualized dividend of $0.88 while the current yield stands at 3.40%. Beta for the stock currently stands at 0.28.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLO was down-trending over the past week, with a drop of -0.50%, but this was down by -7.21% over a month. Three-month performance surged to 2.33% while six-month performance rose 3.48%. The stock gained 11.89% in the past year, while it has lost -5.82% so far this year. A look at the trailing 12-month EPS for FLO yields 1.02 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.29. This implies an EPS growth rate of 34.90% for this year and 5.01% for next year. EPS is expected to grow by 3.21% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.40%.
Float and Shares Shorts:
At present, 212.19 million FLO shares are outstanding with a float of 196.50 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.35 million, which was 2.99% higher than short shares on Jun 14, 2022. In addition to Mr. A. Ryals McMullian Jr. as the firm’s Pres, CEO & Director, Mr. R. Steve Kinsey serves as its CFO & Chief Accounting Officer.
Through their ownership of 76.49% of FLO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.24% of FLO, in contrast to 36.71% held by mutual funds. Shares owned by individuals account for 13.24%. As the largest shareholder in FLO with 9.07% of the stake, The Vanguard Group, Inc. holds 19,207,387 shares worth 19,207,387. A second-largest stockholder of FLO, T. Rowe Price Associates, Inc., holds 16,980,686 shares, controlling over 8.02% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in FLO, holding 15,985,511 shares or 7.55% stake. With a 4.86% stake in FLO, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 10,295,716 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.76% of FLO stock, is the second-largest Mutual Fund holder. It holds 5,848,884 shares valued at 159.67 million. Vanguard Total Stock Market Index holds 2.52% of the stake in FLO, owning 5,333,937 shares worth 145.62 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLO since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FLO analysts setting a high price target of $33.00 and a low target of $27.00, the average target price over the next 12 months is $29.50. Based on these targets, FLO could surge 27.56% to reach the target high and rise by 4.37% to reach the target low. Reaching the average price target will result in a growth of 14.03% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FLO will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of $1.29 being high and $1.27 being low. For FLO, this leads to a yearly average estimate of $1.28. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Flowers Foods Inc. surprised analysts by $0.04 when it reported $0.31 EPS against a consensus estimate of $0.27. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.30 and the low estimate is $0.27. The average estimate for the next quarter is thus $0.29.
Summary of Insider Activity:
Insiders traded FLO stock several times over the past three months with 5 Buys and 1 Sells. In these transactions, 14,884 shares were bought while 143,020 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 2,464,388 while 384,148 shares were sold.