Dean Foods Co (DF) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group lifted its holdings in shares of Dean Foods Co (NYSE:DF) by 942.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,324 shares of the company’s stock after purchasing an additional 435,168 shares during the period. Schroder Investment Management Group owned 0.53% of Dean Foods worth $5,184,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. 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 worth $50,979,000 after buying an additional 1,079,205 shares during the period. Renaissance Technologies LLC raised its stake in Dean Foods by 51.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,599,750 shares of the company’s stock worth $44,196,000 after buying an additional 879,800 shares during the period. Canada Pension Plan Investment Board raised its stake in Dean Foods by 597.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 718,335 shares of the company’s stock worth $7,815,000 after buying an additional 615,400 shares during the period. American Century Companies Inc. raised its stake in Dean Foods by 18.9% during the 2nd quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock worth $45,776,000 after buying an additional 427,929 shares during the period. Finally, 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 worth $33,161,000 after buying an additional 323,688 shares during the period. Institutional investors own 94.16% of the company’s stock.
DF has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 price target (down from $15.00) on shares of Dean Foods in a research note on Wednesday, November 8th. Zacks Investment Research downgraded Dean Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. 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 research note on Wednesday, November 8th. Jefferies Group set a $16.00 price target on Dean Foods and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, ValuEngine downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.06.
Shares of Dean Foods Co (DF) opened at $11.31 on Tuesday. The company has a market capitalization of $1,027.29, a P/E ratio of 12.26, a PEG ratio of 1.05 and a beta of 0.59. Dean Foods Co has a 52 week low of $9.01 and a 52 week high of $22.31. The company has a quick ratio of 0.93, a current ratio of 1.28 and a debt-to-equity ratio of 1.33.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate 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 company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. equities research analysts predict that Dean Foods Co will post 0.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, November 17th. Dean Foods’s dividend payout ratio (DPR) is presently 78.26%.
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Dean Foods 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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