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CG Stocks Analysis! Dean Foods Co (DF), Flowers Foods, Inc. (FLO)

Shares of Dean Foods Co (NYSE:DF) ended Friday session in green amid volatile trading. The shares closed up +0.01 points or 0.06% at $16.40 with 1,673,226 shares getting traded. Post opening the session at $16.42, the shares hit an intraday low of $16.35 and an intraday high of $16.57 and the price vacillated in this range throughout the day. The company has a market cap of $1.48 billion and the numbers of outstanding shares have been calculated to be 90.42 million shares.

Dean Foods Co (DF) on Aug. 8, 2016  reported second quarter 2016 results.

Highlights

  • Q2 net income per diluted share was $0.36 and adjusted net income per diluted share was $0.38, toward the high end of previous provided guidance
  • Q2 operating income of $73 million demonstrates continued year-over-year improvement, driven by diligent cost focus and pricing discipline
  • Acquisition of Friendly’s ice cream business completed June 20
  • Q3 2016 diluted earnings per share are expected to be $0.28 to $0.36; adjusted diluted earnings per share are expected to be $0.32 to $0.40

Chief Executive Officer Gregg Tanner said, “Our second quarter performance demonstrates our continued focus on driving strong operational and financial performance across all functions. We have a clear strategic vision for long-term growth, and our entire organization is focused on executing our agenda.”

Shares of Flowers Foods, Inc. (NYSE:FLO) ended Friday session in green amid volatile trading. The shares closed up +0.02 points or 0.13% at $15.12 with 2,303,402 shares getting traded. Post opening the session at $15.19, the shares hit an intraday low of $15.00 and an intraday high of $15.24 and the price vacillated in this range throughout the day. The company has a market cap of $3.13 billion and the numbers of outstanding shares have been calculated to be 206.87 million shares.

Flowers Foods, Inc. (FLO) announced the pricing of the public offering of $400 million aggregate principal amount of 3.500% senior notes due 2026 (the “Notes”). The Notes will bear interest at a rate of 3.500% per annum and will mature on October 1, 2026.

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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