Dean Foods Company (DF) Holdings Raised by Breton Hill Capital Ltd.
Breton Hill Capital Ltd. boosted its holdings in shares of Dean Foods Company (NYSE:DF) by 77.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,995 shares of the company’s stock after purchasing an additional 29,608 shares during the period. Breton Hill Capital Ltd. owned about 0.07% of Dean Foods worth $740,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DF. BlackRock Inc. lifted its stake in Dean Foods by 12,150.7% during the first quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock worth $221,271,000 after purchasing an additional 11,162,988 shares during the last quarter. FMR LLC lifted its stake in Dean Foods by 56.2% during the second quarter. FMR LLC now owns 2,998,781 shares of the company’s stock worth $50,979,000 after purchasing an additional 1,079,205 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Dean Foods by 51.2% during the second quarter. Renaissance Technologies LLC now owns 2,599,750 shares of the company’s stock worth $44,196,000 after purchasing an additional 879,800 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Dean Foods by 597.9% during the third quarter. Canada Pension Plan Investment Board now owns 718,335 shares of the company’s stock worth $7,815,000 after purchasing an additional 615,400 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Dean Foods by 18.9% during the second 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 in the last quarter.
Dean Foods Company (NYSE:DF) traded down $0.04 during midday trading on Friday, reaching $9.53. The company had a trading volume of 2,106,171 shares, compared to its average volume of 1,818,570. The firm 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 Company has a 1-year low of $9.01 and a 1-year high of $22.31. The company has a quick ratio of 0.85, a current ratio of 1.28 and a debt-to-equity ratio of 1.33.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business 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%. Dean Foods’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. sell-side analysts anticipate that Dean Foods Company will post 0.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 3.78%. Dean Foods’s payout ratio is currently 78.26%.
Several brokerages have recently issued reports on DF. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price target (down from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price target (down from $15.00) on shares of Dean Foods in a report on Wednesday. Vertical Group downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Morgan Stanley lowered their price target on shares of Dean Foods from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $13.06.
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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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