Dean Foods Company (DF) Earns “Market Perform” Rating from BMO Capital Markets
BMO Capital Markets restated their market perform rating on shares of Dean Foods Company (NYSE:DF) in a report published on Wednesday. They currently have a $12.00 price objective on the stock, down from their prior price objective of $15.00.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Dean Foods from a hold rating to a sell rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $16.00 target price on shares of Dean Foods and gave the company a buy rating in a research note on Sunday, October 29th. ValuEngine downgraded shares of Dean Foods from a buy rating to a hold rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a buy rating and issued a $13.00 target price (down previously from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Finally, Vertical Group downgraded shares of Dean Foods from a buy rating to a hold rating in a research note on Thursday, August 10th. Three equities research 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. Dean Foods presently has an average rating of Hold and a consensus target price of $13.06.
Dean Foods (DF) traded down $0.04 on Wednesday, hitting $9.53. 2,107,000 shares of the company were exchanged, compared to its average volume of 1,701,777. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.85 and a current ratio of 1.28. The company has a market capitalization of $871.56, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.69 and a beta of 0.53. Dean Foods has a twelve month low of $9.01 and a twelve month high of $22.31.
Dean Foods (NYSE:DF) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. Dean Foods’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts anticipate that Dean Foods will post 0.81 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, November 17th. Dean Foods’s dividend payout ratio (DPR) is presently 78.26%.
Several institutional investors have recently added to or reduced their stakes in DF. BlackRock Inc. boosted its holdings in shares of Dean Foods by 12,150.7% in the first quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock valued at $221,271,000 after buying an additional 11,162,988 shares during the period. FMR LLC boosted its holdings in shares of Dean Foods by 56.2% in the second quarter. FMR LLC now owns 2,998,781 shares of the company’s stock valued at $50,979,000 after buying an additional 1,079,205 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Dean Foods by 51.2% in the second quarter. Renaissance Technologies LLC now owns 2,599,750 shares of the company’s stock valued at $44,196,000 after buying an additional 879,800 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Dean Foods by 597.9% in the third quarter. Canada Pension Plan Investment Board now owns 718,335 shares of the company’s stock valued at $7,815,000 after buying an additional 615,400 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Dean Foods by 4.9% in the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock valued at $226,260,000 after buying an additional 536,720 shares during the period.
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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