Sunday, August 21, 2016

Recent Buy - Flowers Foods (FLO)

I wanted to post an update since it's been a while since I've posted. Last week I had my eye on Flowers Foods again, and my timing couldn't have been worse. I purchased right before earnings were announced and the shares were punished afterwards as the company adjusted lower guidance than previously hoped. Compounding matters further was litigation news concerning the drivers which hammered the stock even further. I let the dust settle and made another purchase which brought my average price down quite a bit.

Flowers Foods is a company that has been around for decades and will be around for many more assuming they are not purchased by a larger food giant. I do not feel that the legal issues with the drivers will hurt FLO much even if they lose the judgments and they will come back stronger once they put this matter behind them.

Last week I purchased 157 more shares of the US baker Flowers Foods for a total of $2584.34 which is an average of $16.46/share.

Flowers Foods (NYSE: FLO), is a bakery which was opened by the Flowers family in 1919 and is now one of the largest producers of packaged bakery foods in the United States. FLO is the home for some of the largest brands in the business including Wonder, and Natures Own brands and is the second largest bread company in the US.




FLO Stock Chart

FLO Basic Stats
  • Ticker Symbol: FLO
  • Sector: Consumer Goods
  • Yield: 4.2%
  • Dividend Growth Streak: 10 years
  • Annualized Dividend Growth 3yr: 10.6%
  • Payout Ratio: 67%
  • P/E Ratio: 15.7 (forward)
  • Market cap:$3.15 Billion
  • Website: http://www.flowersfoods.com

FLO Financial Growth


FLO Dividend Growth

Saturday, July 30, 2016

July 2016 Dividend Income Update

It's time for my July dividend update! Another great month of dividend income has come and it looks like I managed to earn $322.88 in July. This month featured a new addition to the portfolio in Abbott Labs as well as a departure of one of my favorite stocks in Realty Income (O). I probably would not have sold my position but I really wanted to pay off my mortgage (which I did) and I thought I might find a more attractive price for O in the future. Time will tell but I have no regrets. My income is listed below.

 July Purchases
July Sales
July Dividend Increases
  • Realty Income (O) - From .1995 to .2015 (+1%)
July Dividend Income
  • Coca Cola (KO) - $21.35
  • New Jersey Resources (NJR) - $85.20
  • Kraft/Heinz (KHC) - $24.73
  • Hatteras Financial (HTS) - $24.75
  • Altria (MO) - $53.68
  • Phillip Morris (PM) - $14.28
  • Glako Smith Kline (GSK) - $38.51
  • Realty Income (O) - $19.95
  • Sysco (SYY) - $20.46
  • Cisco (CSCO) - $9.62
  • Powershares Muni Bond ETF (PZA) - $10.35
Total Dividends July 2016: - $322.88

Saturday, July 23, 2016

Recent Sell - Realty Income (O)

With the markets at all time highs here this week it's getting harder and harder to find stocks to invest in. Not only that but stocks are increasingly looking overvalued, so much in fact that I have taken my foot off the pedal and stopped funding my brokerage account. Now I am left wondering what I can do with my money.

Well every month when I get my statement from my mortgage company and I see the ridiculous interest rate (5.375%) I have and I wonder why I haven't been paying it down. I've finally decided enough is enough and began aggressively paying down my principal.

In order for me to completely pay off my mortgage in the next month or two I will need some extra capital. The money I need will have to come from the sale of one of my core holdings. I wanted to sell a position that I thought was overvalued and could possibly get back in at a better price in the future. There were a few candidates but I ultimately chose Realty Income (O).

I have owned Realty Income since 2012 and have an average cost basis of about $40 per share and completely sold my entire position for just under $70 per share. I'm looking forward to the day I can use the money I save every month and put it towards new investments again. Possibly even Realty Income.

Sunday, July 17, 2016

Expected Earnings For Next Week:July 18- July 22

Just a heads up ... There are some major companies scheduled to report quarterly earnings next week. On monday Bank of America Corp. reports earnings before the market open with IBM and Yahoo reporting earnings after the market close. On Tuesday we have Johnson & Johnson & Lockheed Martin reporting before the bell while Microsoft reports after the bell.

Source: Stocktwits