Dean Foods Co (DF) Given Consensus Rating of “Hold” by Analysts
Dean Foods Co (NYSE:DF) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.05.
DF has been the topic of several research reports. Jefferies Group set a $16.00 price target on Dean Foods and gave the company a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, January 18th. Vertical Group raised Dean Foods from a “hold” rating to a “buy” rating in a report on Monday, January 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 price target (down previously from $15.00) on shares of Dean Foods in a report on Wednesday, November 8th. Finally, Morgan Stanley dropped their price target on Dean Foods from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, November 8th.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Dean Foods by 1.2% in the second quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock valued at $193,534,000 after buying an additional 129,537 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Dean Foods by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,998,465 shares of the company’s stock valued at $54,383,000 after purchasing an additional 78,538 shares during the period. State Street Corp raised its stake in Dean Foods by 2.0% during the 2nd quarter. State Street Corp now owns 3,251,809 shares of the company’s stock valued at $55,278,000 after purchasing an additional 62,555 shares during the period. Ameriprise Financial Inc. raised its stake in Dean Foods by 11.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,047,962 shares of the company’s stock valued at $33,161,000 after purchasing an additional 323,688 shares during the period. Finally, FMR LLC raised its stake in Dean Foods by 56.2% during the 2nd quarter. FMR LLC now owns 2,998,781 shares of the company’s stock valued at $50,979,000 after purchasing an additional 1,079,205 shares during the period. 94.11% of the stock is currently owned by institutional investors.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. equities analysts predict that Dean Foods will post 0.81 EPS for the current fiscal year.
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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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