Notable News Spotlight: Flowers Foods (NYSE:FLO)

Notable News Spotlight: Flowers Foods (NYSE:FLO)

Flowers Foods (NYSE:FLO) spotted trading -5.60% off 52-week high price. On the other end, the stock has been noted 29.30% away from the low price over the last 52-weeks. The stock changed 1.73% to recent value of $22.99. The stock transacted 5482641 shares during most recent day however it has an average volume of 1153.26K shares. The company has 217.39M of outstanding shares and 184.71M shares were floated in the market.

On Aug. 16, 2019, Flowers Foods (NYSE:FLO) producer of Nature’s Own, Dave’s Killer Bread, Wonder, Tastykake, and other bakery foods, disclosed that its board of directors has elected Flowers Foods President and CEO Ryals McMullian as a director. The election is effective immediately and brings the number of board members to nine.

We are pleased to welcome Ryals to the board, said George E. Deese, non-executive chairman of the board. He’s been leading efforts across the company to grow in new areas, optimize processes, and strengthen our competitive position, and brings solid legal and M&A experience to the board. We look forward to his contributions.

Commenting on the election, Benjamin H. Griswold, IV, presiding director of Flowers’ board, said: Ryals is committed to delivering results and enhancing shareholder value for Flowers Foods. We know his insights and contributions will add tremendous value to the board during the company’s evolution to a national branded food company.

McMullian has served as president and CEO following his election to the position in May 2019. Since 2016, he has directed Flowers Foods’ transformation under Project Centennial, serving as chief strategy officer and then chief operating officer. Prior to that, he served as deputy general counsel and vice president of mergers and acquisitions. He joined the company in 2003.

Its earnings per share (EPS) expected to touch remained 47.80% for this year while earning per share for the next 5-years is expected to reach at 5.16%. FLO has a gross margin of 47.80%.

According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.87% from the mean of 20 days, -1.47% from mean of 50 days SMA and performed 8.99% from mean of 200 days price. Company’s performance for the week was 3.00%, -2.54% for month and YTD performance remained 24.47%.

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Jeffery Knight

Jeffery Knight earned bachelor degree from College with a focus in Business Administration. He is the Senior Editor for Surveypaid.info and Financial section. He also holds an MBA from Michigan State University He has one daughter and one son. Jeffery joined the Surveypaid.info, after more than 15 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Address: 44069 Wayne Street, Dowagiac, Michigan (MI) 49047, USAPhone Number: 701-271-5710Email: Jeffery@surveypaid.info 

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