Flowers Foods is a company that has been around for decades and will be around for many more assuming they are not purchased by a larger food giant. I do not feel that the legal issues with the drivers will hurt FLO much even if they lose the judgments and they will come back stronger once they put this matter behind them.
Last week I purchased 157 more shares of the US baker Flowers Foods for a total of $2584.34 which is an average of $16.46/share.
Flowers Foods (NYSE: FLO), is a bakery which was opened by the Flowers family in 1919 and is now one of the largest producers of packaged bakery foods in the United States. FLO is the home for some of the largest brands in the business including Wonder, and Natures Own brands and is the second largest bread company in the US.
FLO Stock Chart
FLO Basic Stats
- Ticker Symbol: FLO
- Sector: Consumer Goods
- Yield: 4.2%
- Dividend Growth Streak: 10 years
- Annualized Dividend Growth 3yr: 10.6%
- Payout Ratio: 67%
- P/E Ratio: 15.7 (forward)
- Market cap:$3.15 Billion
- Website: http://www.flowersfoods.com
FLO Financial Growth
FLO Dividend Growth
Nice buy Captain! We currently have our eye on FLO. It certainly has been a popular buy among the DGI community. Completely understandable when it is currently trading at almost a 50% discount from its 52-week high of $27.31!
ReplyDeleteThanks for sharing. AFFJ
No doubt there's a bit of a fire sale going on here. The shares are looking good at this price, heck I thought they looked good a couple weeks ago.
DeleteI've been seeing lots of purchases of FLO so maybe it's time I take a closer look at the company. I like to see that 15 handle on the PE ratio, even if it is a forward PE, because many of the consumer staples companies are trading in the mid-20 range without the growth to justify it.
ReplyDeleteLooks like a good buy for you Captain.
Sure, they experts keep saying it's investors hungry for yield looking for safety and buying these consumer names as well as utilities. Consumer staples and utilities have had some considerable growth this year no doubt. FLO is looking cheap however.
DeleteGlad to see you are still adding to your position as I just initiated a position this week!
ReplyDelete-TDM
I see that, along with 2 other buys as well. You've been busy over there.
DeleteCD,
ReplyDeleteNice work! It's ok on the price, continue to stick to your strategy. I'll have to read more articles on FLO, as like everyone, I've been following as well. Congrats on the massive purchase!
-Lanny
Thanks Lanny, I'd love to hear what you and Bert think about it some time. Thanks for the visit!
DeleteI don't have anywhere anywhere near your bankroll (as I'm just starting out), but have recently purchased shares of FLO as well. I love bargain shopping.
ReplyDeleteWe all have to start somewhere, looks like you have some CMP as well. I was thinking about adding to my position there also. I appreciate you adding me yo your blogroll, I'll add you to mine as well. Best of luck!
DeleteGlad to be a fellow shareholder with you CD.
ReplyDeleteI like this company and it's nice adding a consumer staple to our portfolio. Rarely do this sector goes below 20 P/E and we are getting FLO at a discount for sure. It's a long term hold for sure and we can enjoy the 4 plus dividend while we wait.
Happy for your purchase and don't stop! Take care bro.
Maybe Flour is your Kryptonite ;-). Not to worry sir. You'll be fine in the long run. You could sell covered calls at $17.50 or puts at $12.50 to offset your cost basis; or just wait it out. Either way, I think you're good here.
ReplyDeleteI've been keeping my eye on FLO for a while now and have been meaning to purchase it when it went on discount. Never pulled the trigger though. Excellent buy CD!
ReplyDeleteI am watching FLO and I like this stock. My only concern is what they reduced 1 year target to 14.33, this is the only reason I am still thinking... Thanks for sharing.
ReplyDeleteInteresting buy, Captain Dividend! I recently looked at FLO but haven't yet pulled the trigger. Thanks for sharing!
ReplyDeleteJust bought some yesterday if it drops even more i might have to pull the trigger again just have to wait and see
ReplyDeletehttps://dividendsandhobbies.wordpress.com/
Doug
Nice buy Cap. I am baffled why they don't show in my screen based on the info you have above. I will have to check them out.
ReplyDeleteHappy investing,
DFG
I like it.
ReplyDeleteFLO is a great company with a very solid history
Captain,
ReplyDeleteNice buy, I just start buy FLO last two weeks at small amount. I like this company long term.
DP
They added a few stem of green leaves for decoration – to the beautiful pre-made bouquets. I feel deeply blessed to run into this Florist Delivery and bought this amazing bouquet at such a reasonable price!
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