Dean Foods Company (DF) Raised to “Sell” at BidaskClub
BidaskClub upgraded shares of Dean Foods Company (NYSE:DF) from a strong sell rating to a sell rating in a research note published on Wednesday morning.
Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC reaffirmed a buy rating and set a $24.00 target price on shares of Dean Foods Company in a report on Wednesday, April 26th. Vertical Research raised Dean Foods Company from a hold rating to a buy rating in a report on Tuesday, February 28th. TheStreet downgraded Dean Foods Company from a b rating to a c+ rating in a report on Tuesday, May 9th. ValuEngine downgraded Dean Foods Company from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Dean Foods Company from a sell rating to a hold rating and set a $22.00 price target for the company in a report on Monday, April 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $23.00.
Dean Foods Company (NYSE:DF) opened at 18.01 on Wednesday. The company has a market cap of $1.64 billion, a PE ratio of 23.30 and a beta of 0.59. Dean Foods Company has a 52 week low of $15.69 and a 52 week high of $22.31. The stock has a 50 day moving average of $18.60 and a 200 day moving average of $19.57.
Dean Foods Company (NYSE:DF) last released its earnings results on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. Dean Foods Company had a return on equity of 19.34% and a net margin of 0.91%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts predict that Dean Foods Company will post $1.36 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 22nd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, May 18th. Dean Foods Company’s payout ratio is presently 46.75%.
In other Dean Foods Company news, Director J Wayne Mailloux sold 3,033 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $19.70, for a total value of $59,750.10. Following the completion of the transaction, the director now directly owns 104,450 shares of the company’s stock, valued at $2,057,665. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Dean Foods Company by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock valued at $120,000 after buying an additional 145 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Dean Foods Company by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after buying an additional 686 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in shares of Dean Foods Company during the fourth quarter valued at $200,000. Elkfork Partners LLC acquired a new position in shares of Dean Foods Company during the fourth quarter valued at $201,000. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of Dean Foods Company during the fourth quarter valued at $202,000.
Dean Foods Company 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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