Dean Capital Management Cuts Position in Dean Foods Company (DF)
Dean Capital Management reduced its stake in shares of Dean Foods Company (NYSE:DF) by 29.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,950 shares of the company’s stock after selling 49,235 shares during the period. Dean Capital Management owned 0.13% of Dean Foods worth $1,971,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in Dean Foods in the 2nd quarter valued at $2,661,000. BlackRock Inc. raised its holdings in Dean Foods by 1.2% in the 2nd quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock valued at $193,534,000 after acquiring an additional 129,537 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new position in Dean Foods in the 2nd quarter valued at $172,000. American Century Companies Inc. raised its holdings in Dean Foods by 18.9% in the 2nd quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock valued at $45,776,000 after acquiring an additional 427,929 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in Dean Foods by 21.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 29,973 shares of the company’s stock valued at $589,000 after acquiring an additional 5,359 shares during the last quarter.
Shares of Dean Foods Company (NYSE DF) traded up 0.09% during mid-day trading on Friday, reaching $10.75. 636,173 shares of the company were exchanged. The firm’s 50-day moving average is $10.88 and its 200-day moving average is $15.61. The company has a market capitalization of $977.34 million, a price-to-earnings ratio of 17.62 and a beta of 0.51. Dean Foods Company has a 12 month low of $10.30 and a 12 month high of $22.31.
Dean Foods (NYSE:DF) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, equities analysts forecast that Dean Foods Company will post $0.81 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on DF. ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Dean Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Jefferies Group LLC lowered their price objective on shares of Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $13.00 price objective (down from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Finally, Vertical Group cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.67.
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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