Flowers Foods Inc (FLO): Robert L Jr Benton , SVP/ChiefManufacturingOfficer of Flowers Foods Inc sold 12,065 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $18.47 per share for a total value of $223,118.61 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 29, 2016, Karyl H Lauder (SVP & Chief Accounting Officer) sold 23,500 shares at $17.96 per share price.On Jun 7, 2016, Joseph G Tashie (President – Flowers Cake Group) sold 24,800 shares at $18.69 per share price.Also, On Jun 6, 2016, Robert B Hysell (Pres-Flowers Foodservice Group) sold 23,700 shares at $18.71 per share price.On Jun 3, 2016, George E Deese (director other) sold 560,731 shares at $18.69 per share price.
Flowers Foods: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Flowers Foods which led to swings in the share price. The shares opened for trading at $18.33 and hit $18.55 on the upside , eventually ending the session at $18.49, with a gain of 1.54% or 0.28 points. The heightened volatility saw the trading volume jump to 15,67,222 shares. The 52-week high of the share price is $27.31 and the company has a market cap of $3,824 M . The 52-week low of the share price is at $15.64.
Company has been under the radar of several Street Analysts.Flowers Foods is Initiated by KeyBanc Capital Mkts to Sector Weight. The Rating was issued on May 26, 2016.
Flowers Foods Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods including breads buns rolls tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls and snack products. It operates eight bakeries that produce snack cakes breads and rolls for national retail foodservice vending and co-pack customers which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries of which 44 are owned and two are leased and one mix plant.