Flowers Foods company logo
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Headquarters in Thomasville, Georgia.
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Type
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Public |
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Traded as | NYSE: FLO S&P 400 Component |
Industry | Packaged bakery products |
Founded | 1919 |
Headquarters | Thomasville, Georgia, U.S. |
Key people
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George E. Deese (Executive Chairman of the Board) Allen L. Shiver (President and CEO) |
Products | Wonder Bread, Nature's Own, Whitewheat, Sunbeam, Mrs. Freshley's, Blue Bird, Mi Casa, Cobblestone Mill, Tastykake, Dave's Killer Bread |
Revenue | 3.75B |
Website | flowersfoods.com |
Coordinates: 30°50′11″N 83°58′42″W / 30.83639°N 83.97833°W / 30.83639; -83.97833
George E. Deese (Executive Chairman of the Board)
Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 46 bakeries that produce breads, buns, rolls, snack cakes, pastries, and tortillas. The company’s products are sold regionally through a direct store delivery network that encompasses the East, South, and Southwest, and are sold nationwide via delivery to retailers' warehouses.
Flowers Foods has two operating segments. The Direct Store Delivery (DSD) Segment handles fresh breads, buns, rolls, and snack cakes that are sold regionally through a network of independent distributors. The company is continually expanding its market reach through acquisitions and by stretching its current territory. Flowers’ Warehouse Segment is responsible for the national distribution of frozen snack cakes and breads and rolls that are sold direct to customers' warehouses. Flowers' Mrs. Freshley's brand of snack cakes is available nationally to retail and vending customers through this segment, as is the European Bakers' brand of frozen specialty breads and rolls, which is available nationally to retail in-store bakeries and foodservice customers.
In 1919, brothers William Howard and Joseph Hampton Flowers opened Flowers Baking Company in Thomasville, Georgia. In 1944, Flowers became the 6th bakery in the U.S. to franchise Quality Bakers of America’s Sunbeam brand and Little Miss Sunbeam for its white bread.
In 1968, the company became Flowers Industries, and began trading over-the-counter. Less than a year later, Flowers was listed on the American Stock Exchange. In 1982, the company listed on the New York Stock Exchange under the ticker symbol FLO.
In the mid-1990s, Flowers acquired the Keebler Company and Mrs. Smith's Pies. In 2001, Flowers sold its investment in Keebler to the Kellogg Company and delivered $1.24 billion to its shareholders. Flowers’ remaining business units, Flowers Bakeries and Mrs. Smith’s Bakeries, were then spun off into a new company called Flowers Foods. In 2003, Flowers Foods sold its Mrs. Smith’s frozen dessert business to the Schwan Food Company.
On October 25, 2002, Flowers bought out Ideal Baking Company including one bakery in Batesville, AR. Ideal serves north Arkansas, southern Missouri, and the Memphis, TN market.
In December 2002, Flowers Foods bought Bishop Baking Company from Kelloggs Company. The sale includes the bakery in Cleveland, TN.
On September 21, 2005, Flowers Foods closed on the purchase of Royal Cake Company for $10 Million (USD). Flowers will continue to operate the Winston-Salem, NC bakery.
In 2008, Flowers acquired ButterKrust Bakery in Lakeland, Florida, and acquired Holsum Bakery in Phoenix.
In 2009, Flowers Foods purchased Leo's Foods.
In 2011, Tastykake was acquired.
In 2012, Sara Lee and Earthgrains in California and Earthgrains in Oklahoma City were bought from Bimbo Bakeries.
In 2013, Flowers Foods entered into an agreement to purchase most of the bread brands of Hostess Brands, including Wonder Bread.
In 2015, Flowers Foods purchased Dave's Killer Bread of Milwaukie, Oregon for $275 million in cash.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
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Q3 2022 | 2022-11-09 | Future report Set alerts | |
Q2 2022 | 2022-08-11 | 0.31 | 0.31 |
Q1 2022 | 2022-05-19 | 0.44 | 0.44 |
Q4 2021 | 2022-02-10 | 0.20 | 0.20 |
Q3 2021 | 2021-11-11 | 0.30 | 0.30 |
Q2 2021 | 2021-08-12 | 0.32 | 0.32 |
Q1 2021 | 2021-05-20 | 0.41 | 0.41 |
Q4 2020 | 2021-02-11 | 0.28 | 0.28 |
Q3 2020 | 2020-11-05 | 0.00 | 0.00 |
Q2 2020 | 2020-08-06 | 0.33 | 0.27 |
2016-05-25 | Initiated Coverage | KeyBanc | Sector Weight | |
2016-05-25 | Initiated Coverage | KeyCorp | Sector Weight | |
2016-05-20 | Reiterated Rating | BMO Capital Markets | Hold | $19.00 |
2016-04-14 | Reiterated Rating | BMO Capital Markets | Hold | |
2016-04-09 | Reiterated Rating | Jefferies Group | Buy | $20.00 |
2016-02-16 | Upgrade | BB&T Corp. | Hold to Buy | $19.00 |
2016-02-12 | Downgrade | Deutsche Bank | Buy to Hold | $25.00 to $18.00 |
2016-02-12 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $26.00 to $18.00 |
2016-02-12 | Downgrade | Deutsche Bank AG | Buy to Hold | $25.00 to $18.00 |
2016-02-11 | Downgrade | Stephens | Overweight to Equal Weight | $28.00 to $22.00 |
2016-02-11 | Downgrade | SunTrust | Buy to Neutral | $30.00 to $20.00 |
2016-02-11 | Downgrade | SunTrust Banks Inc. | Buy to Neutral | $30.00 to $20.00 |
2016-02-05 | Lower Price Target | Deutsche Bank | $26.00 to $25.00 | |
2016-01-07 | Reiterated Rating | Deutsche Bank | Buy | $28.00 to $26.00 |
2015-12-15 | Initiated Coverage | Jefferies Group | Buy | $26.00 |
2015-11-13 | Lower Price Target | Deutsche Bank | $29.00 to $28.00 | |
2015-10-08 | Boost Price Target | BMO Capital Markets | Outperform | $25.00 to $26.00 |
2015-09-22 | Boost Price Target | SunTrust | Buy | $27.00 to $30.00 |
2015-09-17 | Reiterated Rating | Deutsche Bank | Buy | $27.00 |
2015-08-14 | Reiterated Rating | Stephens | Buy | $25.00 to $28.00 |
2015-08-10 | Reiterated Rating | Deutsche Bank | Buy | $25.00 |
2015-06-12 | Reiterated Rating | Pivotal Research | Sell | $10.00 |
2015-06-01 | Reiterated Rating | BMO Capital Markets | Outperform | $25.00 to $24.00 |
2015-05-26 | Lower Price Target | Pivotal Research | Sell | $14.00 to $10.00 |
2015-04-13 | Boost Price Target | Deutsche Bank | Buy | $24.00 to $25.00 |
2015-03-31 | Boost Price Target | BMO Capital Markets | Outperform | $23.00 to $24.00 |
2015-02-06 | Boost Price Target | Deutsche Bank | Buy | $21.00 to $22.00 |
2015-01-23 | Downgrade | BB&T Corp. | Buy to Hold | |
2014-10-27 | Initiated Coverage | Pivotal Research | Sell | $14.00 |
2014-08-13 | Reiterated Rating | Deutsche Bank | Buy | $24.00 to $23.00 |
2014-08-05 | Reiterated Rating | Deutsche Bank | Buy | $26.00 to $24.00 |
2014-06-02 | Reiterated Rating | Deutsche Bank | Buy | $25.00 to $26.00 |
2014-05-01 | Initiated Coverage | Imperial Capital | Outperform | $25.00 |
2014-03-21 | Boost Price Target | KeyBanc | $23.00 to $25.00 | |
2014-03-18 | Upgrade | BMO Capital Markets | Market Perform to Outperform | $22.00 to $24.00 |
2014-02-07 | Lower Price Target | BB&T Corp. | $25.00 to $24.00 | |
2013-11-11 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-11-08 | Reiterated Rating | Deutsche Bank | Buy | $26.00 |
2012-10-31 | Upgrade | BB&T Capital Mkts | Hold to Buy | |
2012-07-30 | Resumed | Deutsche Bank | Hold | $19 to $20 |
2011-07-06 | Reiterated | Longbow | Buy | $25 to $26 |
2011-06-28 | Resumed | Deutsche Bank | Hold | $20 |
2011-05-06 | Reiterated | Longbow | Buy | $30 to $35 |
2011-01-07 | Upgrade | Longbow | Neutral to Buy | $32 |
2010-09-13 | Downgrade | Longbow | Buy to Neutral | |
2010-08-20 | Reiterated | Longbow | Buy | $31 to $32 |
2009-05-01 | Initiated | KeyBanc Capital Mkts | Buy | $27 |
2009-01-09 | Upgrade | DA Davidson | Underperform to Neutral | |
2008-11-14 | Initiated | Sun Trust Rbsn Humphrey | Neutral |
2016-05-25 | Initiated Coverage | KeyBanc | Sector Weight | |
2016-05-25 | Initiated Coverage | KeyCorp | Sector Weight | |
2016-05-20 | Reiterated Rating | BMO Capital Markets | Hold | $19.00 |
2016-04-14 | Reiterated Rating | BMO Capital Markets | Hold | |
2016-04-09 | Reiterated Rating | Jefferies Group | Buy | $20.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In FLO 275 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 19.91M |
BlackRock Inc. | 18.85M |
PRICE T ROWE ASSOCIATES INC /MD/ | 16.46M |
BlackRock Fund Advisors | 7.12M |
BlackRock Institutional Trust Company, N.A. | 5.53M |
STATE STREET CORP | 5.50M |
RENAISSANCE TECHNOLOGIES LLC | 5.38M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 4.44M |
Southeast Asset Advisors Inc. | 3.85M |
ACADIAN ASSET MANAGEMENT LLC | 3.63M |
DIMENSIONAL FUND ADVISORS LP | 3.38M |
GEODE CAPITAL MANAGEMENT, LLC | 3.18M |
BTIM Corp. | 2.93M |
FIRST TRUST ADVISORS LP | 2.69M |
Robeco Institutional Asset Management B.V. | 1.57M |
Name Relationship | Total Shares | Holding stocks |
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MCMULLIAN AMOS R Chairman Emeritus | 1.59% (3337279) | FLO / |
DEESE GEORGE E Executive Chairman ofthe Board | 1.34% (2808059) | FLO / |
WOOD C MARTIN III | 0.58% (1218074) | FLO / |
SHIVER ALLEN L President | 0.39% (812675) | FLO / |
LORD GENE D EVP & Chief Operating Officer | 0.35% (742622) | FLO / |
McMullian Ryals Chief Strategy Officer | 0.31% (642482) | FLO / |
SHIELDS JOSEPH V JR | 0.22% (468932) | FLO / |
AVERA STEPHEN R EVP, Secretary & Gen Counsel | 0.22% (467634) | FLO / |
GRISWOLD BENJAMIN H IV | 0.15% (312914) | FLO / SWH / WPC / |
KINSEY R STEVE EVP & Chief Financial Officer | 0.14% (300486) | FLO / |
ALEXANDER BRAD K President, Flowers Bakeries | 0.14% (285500) | FLO / |
BEATY MICHAEL A EVP / Supply Chain | 0.14% (284990) | FLO / |
TURNER MARTA JONES EVP / Corporate Relations | 0.11% (229382) | FLO / |
LAUDER KARYL H SVP & Chief Accounting Officer | 0.07% (147937) | FLO / |
WARD JACKIE M | 0.06% (129322) | FLO / SANM / SYY / |
BURKE FRANKLIN L | 0.06% (127795) | FLO / |
BEVERLY JOE E | 0.06% (125000) | FLO / |
TASHIE JOSEPH G President - Flowers Cake Group | 0.04% (83878) | FLO / |
FERNANDEZ MANUEL A | 0.03% (69866) | BC / FLO / LEG / SYY / TIBX / TIME / |
ROACH DAVID M President, Specialty/Snacking | 0.03% (66001) | FLO / |
BENTON ROBERT L JR SVP/ChiefManufacturingOfficer | 0.03% (65264) | FLO / |
HYSELL ROBERT B Pres-Flowers Foodservice Group | 0.03% (62464) | FLO / |
SPEAR JAMES T | 0.02% (47920) | FLO / |
COURTNEY H MARK SVP Sales&Mkt Flowers Bakeries | 0.02% (47268) | FLO / |
LAN RICHARD | 0.02% (45219) | FLO / |
STITH MELVIN T | 0.02% (40569) | AFL / FLO / SNV / |
WHEELER DAVID KEITH President, Flowers Bakeries | 0.02% (35118) | FLO / |
STONE DAN W SVPLogistics/ChiefIntegrationO | 0.01% (30546) | FLO / |
THRIFFILEY DONALD A JR SVP / Human Resources | 0.01% (25585) | FLO / |
Hubbard David SVP/Information Technology CIO | 0.01% (22354) | FLO / |
LEWIS MARGARET G | 0.01% (20790) | FLO / WPC / |
TAYLOR TONJA W SVP - Human Resources | 0.01% (18416) | FLO / |
PARR CRAIG SVP Finance/Chief Risk Officer | 0.01% (14383) | FLO / |