Money and Finance
Early this week I picked up some shares of the US baker Flowers Foods (FLO). Flowers Foods is the home for some of the largest brands in the business including Wonder, and Natures Own brands. The vast distribution channel consisting of 5,200 independent distributors and warehouses nationwide has enabled Flowers Foods to become the second largest bread company in the US.
Flower Foods is looking for double-digit earnings per share expansion on an annual basis. Analysts are expecting earnings growth to be around 11% in 2016 after the bakery has worked to integrate some acquisitions it's made last year. Along with earnings growth I expect dividend growth to remain robust.
I purchased 56 shares of FLO @ $21.44 - $1200.64
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Money and Finance
Recent Buy - Flowers Foods (FLO)
Flower Foods is looking for double-digit earnings per share expansion on an annual basis. Analysts are expecting earnings growth to be around 11% in 2016 after the bakery has worked to integrate some acquisitions it's made last year. Along with earnings growth I expect dividend growth to remain robust.
I purchased 56 shares of FLO @ $21.44 - $1200.64
Some of Flowers Foods brands
FLO Chart
FLO Basic Statistics
FLO Basic Statistics
- Ticker Symbol: FLO
- Sector: Consumer Goods
- Yield: 2.7%
- Dividend Streak: 10 years
- Dividend Growth 1yr: 9.0%
- Annualized Dividend Growth 3yr: 10.6%
- Payout Ratio: 64%
- P/E Ratio: 19.5
- Market cap:$4.5 Billion
- Website: http://www.flowersfoods.com
FLO Dividend Growth Chart
- Hormel Foods Corporation: Valuation Matters
One of my goals for the year was to increase the amount of capital I have invested in consumer staples companies. I like the consumer staples because of the fact that their businesses are rather boring and don't fluctuate much based on the state...
- Recent Purchase - Cisco
I've been looking around for another stock this past week as I knew I'd have the money to make another purchase. I wanted to buy a stock which pays in April so that limited my choices a bit. The first thing I look at are the names that I already...
- Recent Purchase - Johnson & Johnson (jnj)
It's not often I have money to make purchases two weeks in a row but it happened again. After my recent purchase of Flowers Foods I had my eye on a few other names including Consolidated Edison (ED), and Compass Minerals (CMP) but I ultimately choose...
- Recent Buy - Kraft (krft)
Today I added to my position in the food giant Kraft (KRFT). This is my second purchase in a row where I purchased Kraft. I had saved enough capital to make another purchase before the ex-div date. The stock has come down from the mid $54 range recently...
- Recent Buy - Kraft (krft)
Today I decided to open a position in the food giant Kraft. I purchased 21 shares @ $52.74. I've had Kraft on a short list of potential buys and selected it for one of my monthly purchases. Typically I try to invest in stocks with a history of dividend...