Shares of Dean Foods Company (NYSE:DF) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.73 and last traded at $14.77, with a volume of 1,868,365 shares trading hands. The stock had previously closed at $15.38.
DF has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $24.00 price target on shares of Dean Foods in a report on Wednesday, April 26th. ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target (down from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. TheStreet cut shares of Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, Stephens cut shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 price target on the stock. in a report on Tuesday, August 8th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.40.
The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.62 and a beta of 0.54. The company has a 50-day moving average of $15.05 and a 200-day moving average of $17.97.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.09. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm’s revenue was up 4.2% compared to the same quarter last year. 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 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.04%. Dean Foods’s payout ratio is presently 60.00%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in shares of Dean Foods by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 11,278 shares of the company’s stock worth $192,000 after buying an additional 717 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Dean Foods by 55.2% in the second quarter. Sterling Capital Management LLC now owns 59,601 shares of the company’s stock worth $1,013,000 after buying an additional 21,202 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Dean Foods by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 199,799 shares of the company’s stock worth $3,397,000 after buying an additional 1,165 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Dean Foods by 8,856.5% in the second quarter. Cubist Systematic Strategies LLC now owns 48,813 shares of the company’s stock worth $830,000 after buying an additional 48,268 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Dean Foods by 2.0% in the second quarter. State Street Corp now owns 3,251,809 shares of the company’s stock worth $55,278,000 after buying an additional 62,555 shares during the last quarter.
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About Dean Foods
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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