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Chubb (NYSE:CB) Thomas Caldecot III, a director at Flowers Foods Inc. (NYSE:FLO), made notable stock purchases recently, according to a filing with the Securities and Exchange Commission. The timing appears strategic, as the stock trades near its 52-week low of $16.29 and has declined about 26% over the past six months. On May 27, Mr. Chubb acquired 3,000 shares of common stock at a price of $16.88 per share, amounting to a total purchase value of $50,640. This transaction increased his direct ownership stake to 45,861 shares. According to InvestingPro analysis, the stock currently appears undervalued, offering a substantial 6% dividend yield with a 24-year history of consistent dividend payments.
Earlier, on May 22, Mr. Chubb acquired 6,570 shares of common stock through an exercise of deferred stock options, although this transaction did not involve a cash purchase. These shares were acquired under the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Compensation Plan. Following these transactions, Mr. Chubb holds a total of 9,350 shares in deferred stock, reflecting his continued investment in the company. For deeper insights into FLO’s valuation metrics and 8 additional exclusive ProTips, visit InvestingPro.
In other recent news, Flowers Foods reported its first-quarter earnings for 2025, revealing a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.35, which fell short of the projected $0.38, and revenue came in at $1.55 billion, missing the expected $1.6 billion. These results reflect challenging market conditions and a cautious outlook for the remainder of the year. Jefferies analyst Scott Marks responded by reducing the price target for Flowers Foods from $20 to $16 while maintaining a Hold rating. The adjustment followed the earnings report, which indicated weaker performance in the private label and away-from-home segments. Flowers Foods is facing significant challenges in the bread category, marked by declining sales and shifting consumer preferences. The company highlighted the need for increased promotional activities and noted the pressure on certain product categories due to tariffs. Despite these headwinds, Flowers Foods is focusing on innovation and brand differentiation to drive growth, with potential improvement expected by 2026.
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