Last $19.18 USD
Change Today +0.17 / 0.89%
Volume 2.0M
FLO On Other Exchanges
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

flowers foods inc (FLO) Key Developments

Flowers Foods, Inc., Board Meeting, Dec 04, 2014

Flowers Foods, Inc., Board Meeting, Dec 04, 2014. Agenda: To approve management changes.

George E. Deese to Retire as Flowers Foods, Inc.'s Executive Chairman and Serve as Non-Executive Chairman

Flowers Foods, Inc. announced that consistent with the company's management succession plan established by the board of directors five years ago, George E. Deese, will retire as executive chairman of the board at the end of 2014. Deese will become non-executive chairman of the board and will continue to be involved in the strategic direction of the company. The announcement came following a board meeting on Nov. 21, 2014. Allen L. Shiver will continue to serve as president and CEO. Shiver has been with the company for 36 years and was elected president in 2010 and CEO in 2013 when Deese moved to the position of executive chairman. Deese joined Flowers' sales department in 1964 and was successively promoted to higher levels of responsibility. He served for almost 20 years as president and chief operating officer of Flowers Bakeries, the company's core business.

Flowers Foods Announces Increased Quarterly Dividend, Payable on December 19, 2014

The board of directors of Flowers Foods announced a $0.05 increase in the annual dividend rate, which raises the rate from $0.48 to $0.53 per share, a 10.4% increase. The dividend is paid quarterly at the new rate of $0.1325 per share and the next payment is on December 19, 2014 to shareholders of record on December 5, 2014.

Flowers Foods Mulls Acquisitions

Flowers Foods, Inc. (NYSE:FLO) will continue to generate strong cash flow and our balance sheet allows it the flexibility to pursue value-enhancing actions, such as retiring debt, funding capital expenditures, promoting organic growth, making acquisitions and, most important, providing both current cash returns and long-term equity growth to its shareholders.

Flowers And Bimbo Reportedly In Talks To Acquire bread brands

Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) and Flowers Foods, Inc. (NYSE:FLO) are in talks to acquire Hostess Brands, Inc., bread brands according to people familiar with the matter said.

 

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FLO

Industry Average

Valuation FLO Industry Range
Price/Earnings 21.9x
Price/Sales 1.1x
Price/Book 3.5x
Price/Cash Flow 12.8x
TEV/Sales 0.9x
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