Top Buys by Top Brass: Executive Chairman ofthe Board Deese's $147.8K Bet on FLO

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $147.8K by George E. Deese, Executive Chairman ofthe Board at Flowers Foods, Inc. (FLO).

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Deese bets big on FLO:
Purchased Insider Title Shares Price/Share Value
02/13/2014 George E. Deese Executive Chairman ofthe Board 7,500 $19.70 $147,785.25

Deese's average cost works out to $19.70/share. Shares of Flowers Foods, Inc. were changing hands at $20.54 at last check, trading up about 1.6% on Tuesday. The chart below shows the one year performance of FLO shares, versus its 200 day moving average:

Flowers Foods, Inc. Chart

Looking at the chart above, FLO's low point in its 52 week range is $18.14 per share, with $25.67 as the 52 week high point — that compares with a last trade of $20.54.

The current annualized dividend paid by Flowers Foods, Inc. is $0.45/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 02/26/2014. Below is a long-term dividend history chart for FLO, which can be of good help in judging whether the most recent dividend with approx. 2.2% annualized yield is likely to continue.

FLO+Dividend+History+Chart

According to the ETF Finder at ETF Channel, FLO makes up 1.79% of the First Trust Consumer Staples AlphaDEX Fund ETF ( FXG) which is trading higher by about 0.3% on the day Tuesday.

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