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Flowers Foods, Inc. Buyback

OLI recorded this information on 3/16/2016

Company: Flowers Foods, Inc.
Buyback: FLO buyback
$Amount Authorized: $120,000,000
Buyback Details: Flowers Foods, Inc. (NYSE: FLO) today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Deutsche Bank AG to repurchase an aggregate of $120 million of the company's common stock. On an annual basis, the company expects the repurchase of shares through the ASR to have an accretive impact on earnings in the range of $0.02 to $0.03 per share.

Flowers Foods is a producer and marketer of packaged bakery foods in the United States. Co.'s principal products include breads, buns, rolls, snack cakes, and tortillas. Co. also sells returned and surplus product through a system of thrift stores. Co. supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls; sells packaged bakery products to wholesale distributors for sale to a variety of food outlets; and sells packaged snack cakes primarily to customers who distribute them nationwide through various channels of distribution, including merchandisers, supermarkets, vending outlets and convenience stores.

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Company Name: 
Flowers Foods, Inc.
Stock buyback: 
FLO buyback
Website: 
www.flowersfoods.com
Sector: 
Food & Beverage
Number of ETFs Holding FLO: 
77
Total Market Value Held by ETFs: 
$791.42M
Total Market Capitalization: 
$5.44B
% of Market Cap. Held by ETFs: 
14.55%
 

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Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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