Dean Foods Company (DF) Shares Bought by Northwestern Mutual Investment Management Company LLC
Northwestern Mutual Investment Management Company LLC increased its position in shares of Dean Foods Company (NYSE:DF) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,842 shares of the company’s stock after purchasing an additional 201 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Dean Foods were worth $287,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Dean Foods by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $111,000 after purchasing an additional 686 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Dean Foods by 17.5% during the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after purchasing an additional 1,081 shares during the last quarter. Nine Chapters Capital Management LLC bought a new position in Dean Foods during the second quarter worth $172,000. Jane Street Group LLC lifted its stake in Dean Foods by 6.4% during the first quarter. Jane Street Group LLC now owns 10,321 shares of the company’s stock worth $203,000 after purchasing an additional 621 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Dean Foods by 12.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,561 shares of the company’s stock worth $208,000 after purchasing an additional 1,145 shares during the last quarter.
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Shares of Dean Foods Company (DF) opened at 11.05 on Tuesday. Dean Foods Company has a 52 week low of $10.75 and a 52 week high of $22.31. The company’s 50 day moving average is $11.96 and its 200-day moving average is $16.60. The company has a market capitalization of $1.00 billion, a PE ratio of 18.11 and a beta of 0.51.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. Dean Foods’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect that Dean Foods Company will post $0.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 21st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, August 17th. Dean Foods’s dividend payout ratio is currently 60.00%.
Several brokerages recently issued reports on DF. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective (down from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Vertical Group cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co cut Dean Foods from an “overweight” rating to a “neutral” rating and cut their target price for the company from $16.00 to $12.00 in a research note on Tuesday, August 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 target price (down from $20.00) on shares of Dean Foods in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC cut their target price on Dean Foods from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Five investment 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’s stock. Dean Foods presently has a consensus rating of “Hold” and a consensus price target of $15.40.
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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