Commerzbank Aktiengesellschaft FI lessened its stake in Dean Foods Company (NYSE:DF) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 51,990 shares of the company’s stock after selling 1,083 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.06% of Dean Foods worth $884,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of DF. PNC Financial Services Group Inc. increased its holdings in Dean Foods by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after purchasing an additional 686 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Dean Foods by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after purchasing an additional 1,081 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Dean Foods in the 2nd quarter valued at approximately $172,000. ING Groep NV acquired a new stake in Dean Foods in the 2nd quarter valued at approximately $188,000. Finally, Pacad Investment Ltd. increased its holdings in Dean Foods by 8.3% in the 2nd quarter. Pacad Investment Ltd. now owns 11,800 shares of the company’s stock valued at $201,000 after purchasing an additional 900 shares during the last quarter.
Shares of Dean Foods Company (NYSE:DF) opened at 10.50 on Friday. The stock has a market capitalization of $954.61 million, a PE ratio of 17.21 and a beta of 0.51. The stock’s 50 day moving average is $11.84 and its 200 day moving average is $16.55. Dean Foods Company has a 52-week low of $10.30 and a 52-week high of $22.31.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. Dean Foods’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Equities research analysts expect that Dean Foods Company will post $0.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 21st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, August 17th. Dean Foods’s payout ratio is 60.00%.
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Several analysts recently weighed in on DF shares. Wells Fargo & Company downgraded shares of Dean Foods from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $25.00 to $12.00 in a report on Wednesday, August 9th. Sanford C. Bernstein downgraded shares of Dean Foods from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $18.00 to $13.00 in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC dropped their target price on shares of Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 10th. Finally, Stephens downgraded shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.40.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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