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FLO $24.69

FLO target price
24.69
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0
Flowers Foods Corporation
Type
Public
Traded as NYSE: FLO
S&P 400 Component
Industry Packaged bakery products
Founded 1919
Headquarters Thomasville, Georgia, U.S.
Key people

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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
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

Ratings

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

Major Shareholders

Name Relationship Total Shares Holding stocks
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 /