Dean Foods Co (DF) Holdings Trimmed by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Dean Foods Co (NYSE:DF) by 63.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,254 shares of the company’s stock after selling 91,282 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.06% of Dean Foods worth $567,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System grew its stake in Dean Foods by 1.2% during the 2nd quarter. California Public Employees Retirement System now owns 249,045 shares of the company’s stock valued at $4,234,000 after purchasing an additional 2,900 shares in the last quarter. BlackRock Inc. grew its position in shares of Dean Foods by 1.2% in the 2nd quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after acquiring an additional 129,537 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Dean Foods by 55.2% in the 2nd quarter. Sterling Capital Management LLC now owns 59,601 shares of the company’s stock worth $1,013,000 after acquiring an additional 21,202 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its position in shares of Dean Foods by 70.0% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 712,190 shares of the company’s stock worth $7,749,000 after acquiring an additional 293,190 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Dean Foods in the 2nd quarter worth approximately $2,661,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
Several research analysts have recently commented on DF shares. ValuEngine lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group set a $16.00 target price on Dean Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research lowered Dean Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 target price (down previously from $15.00) on shares of Dean Foods in a research report on Wednesday, November 8th. Finally, Morgan Stanley decreased their target price on Dean Foods from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, November 8th. Three 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 company currently has an average rating of “Hold” and a consensus target price of $13.06.
Dean Foods Co (NYSE DF) opened at $11.68 on Wednesday. Dean Foods Co has a 12-month low of $9.01 and a 12-month high of $22.31. The stock has a market capitalization of $1,084.66, a P/E ratio of 25.39, a P/E/G ratio of 1.11 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.93 and a current ratio of 1.28.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts forecast that Dean Foods Co will post 0.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 3.08%. Dean Foods’s dividend payout ratio is currently 78.26%.
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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