Flowers Foods, Inc. (NYSE:FLO) UNDER HOT NEWS SPOTLIGHT

Flowers Foods, Inc. (NYSE:FLO) stock price changed -1.49% below its 200 day moving average of $18.43. The stock price is presently trading +2.21% up its SMA 50 of $17.76.

The stock price shifted in green area with rise of +0.02 points or +0.11% to $18.15. The firm has a market cap of $3.80B.The stock exchanged 111.3 thousand shares in recent trading session as compared to average volume of 1.34 million shares. It price to book (P/B) ratio registered at 3.00 and price to sale (P/S) is sits 0.97. Analyst recommended one year mean target price at $19.29.

Flowers Foods (NYSE: FLO) has named Harish Ramani senior vice president and chief information officer. In this role, Ramani will lead Flowers’ information technology operations, with a focus on enhancing key business tools and processes.

“Harish is an IT executive and business leader with a strong background and valuable experience,” said Steve Kinsey, Flowers Foods’ CFO and chief administrative officer. “As our company moves forward with a multi-year initiative to achieve its strategic goals, I look forward to leveraging his expertise in developing innovative technology solutions to deliver strong value to Flowers Foods.”

Ramani has more than 25 years of IT experience and leadership, most recently serving as global CIO and senior vice president of ARYZTA plc. Prior to ARYZTA, he served as senior vice president and global CIO for Constellation Brands. He began his career with ExxonMobil and has held various IT leadership positions at Dr Pepper/Snapple, Cadbury Schweppes plc., and Red Bull North America.

Flowers Foods, Inc. is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado. The Warehouse Segment produces snack cakes, breads and rolls that are shipped both fresh and frozen to national retail, foodservice, vending, and co-pack customers through their warehouse channels. The Warehouse Segment supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls. It also sells packaged bakery products to wholesale distributors for ultimate sale to a range of food outlets.

David Brinkley

David Brinkley gives coverage to fashion Section of the website. He enjoys and appreciates engaging with like-minded individuals that inspire him to think beyond what is generally accepted. He has a fashion designing degree from the University of California, Berkeley. Connect to David davidbrinkley@usstockjournal.com

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