Dean Foods Company (DF) Trading Down 8.1% on Disappointing Earnings
Dean Foods Company (NYSE:DF) was down 8.1% on Thursday following a weaker than expected earnings announcement. The company traded as low as $18.61 and last traded at $18.80, with a volume of 5,605,554 shares traded. The stock had previously closed at $20.45.
The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.03. Dean Foods Company had a return on equity of 24.87% and a net margin of 1.37%. The company earned $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.36 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year.
DF has been the subject of a number of recent analyst reports. TheStreet raised Dean Foods Company from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Deutsche Bank AG reissued a “buy” rating on shares of Dean Foods Company in a research report on Wednesday, November 2nd. Zacks Investment Research downgraded Dean Foods Company from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Sanford C. Bernstein downgraded Dean Foods Company from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $21.31 to $22.00 in a research report on Thursday, January 19th. Finally, DA Davidson reissued a “hold” rating on shares of Dean Foods Company in a research report on Tuesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Dean Foods Company currently has a consensus rating of “Hold” and a consensus target price of $21.29.
In other Dean Foods Company news, Director J Wayne Mailloux sold 5,886 shares of Dean Foods Company stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $20.50, for a total value of $120,663.00. Following the completion of the transaction, the director now directly owns 96,058 shares of the company’s stock, valued at approximately $1,969,189. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Scott K. Vopni sold 33,105 shares of Dean Foods Company stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $19.75, for a total value of $653,823.75. Following the completion of the transaction, the senior vice president now directly owns 24,509 shares of the company’s stock, valued at $484,052.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,877 shares of company stock valued at $892,207. 2.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Cambiar Investors LLC purchased a new position in Dean Foods Company during the third quarter valued at $20,355,000. Russell Investments Group Ltd. purchased a new position in Dean Foods Company during the fourth quarter valued at $26,864,000. Highbridge Capital Management LLC purchased a new position in Dean Foods Company during the second quarter valued at $20,738,000. BlackRock Institutional Trust Company N.A. increased its position in Dean Foods Company by 21.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,007,151 shares of the company’s stock valued at $82,117,000 after buying an additional 894,911 shares in the last quarter. Finally, Lombardia Capital Partners LLC purchased a new position in Dean Foods Company during the third quarter valued at $13,223,000.
The firm’s 50-day moving average is $20.49 and its 200-day moving average is $18.70. The stock has a market capitalization of $1.70 billion, a P/E ratio of 16.31 and a beta of 0.28.
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Dean Foods Company Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.
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