Dean Foods Company (DF) Stake Lowered by Schroder Investment Management Group
Schroder Investment Management Group decreased its stake in shares of Dean Foods Company (NYSE:DF) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,156 shares of the company’s stock after selling 28,471 shares during the quarter. Schroder Investment Management Group owned about 0.05% of Dean Foods worth $793,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Dean Foods by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock valued at $226,260,000 after purchasing an additional 536,720 shares during the period. BlackRock Inc. grew its position in Dean Foods by 12,150.7% in the 1st quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock valued at $221,271,000 after purchasing an additional 11,162,988 shares during the period. Dimensional Fund Advisors LP grew its position in Dean Foods by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,763,883 shares of the company’s stock valued at $93,658,000 after purchasing an additional 339,447 shares during the period. American Century Companies Inc. grew its position in Dean Foods by 18.9% in the 2nd quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock valued at $45,776,000 after purchasing an additional 427,929 shares during the period. Finally, FMR LLC grew its position in Dean Foods by 87.9% in the 1st quarter. FMR LLC now owns 1,919,576 shares of the company’s stock valued at $37,739,000 after purchasing an additional 897,824 shares during the period.
Several research firms recently issued reports on DF. ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group reissued an “underperform” rating and issued a $14.00 price target (down previously from $18.00) on shares of Dean Foods in a research report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $15.00 price target (down previously from $18.00) on shares of Dean Foods in a research report on Tuesday, July 18th. Five 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 company. Dean Foods has a consensus rating of “Hold” and an average price target of $15.40.
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Shares of Dean Foods Company (NYSE:DF) opened at 10.40 on Tuesday. Dean Foods Company has a 1-year low of $10.30 and a 1-year high of $22.31. The stock’s 50 day moving average price is $11.84 and its 200-day moving average price is $16.55. The company has a market capitalization of $945.52 million, a PE ratio of 17.05 and a beta of 0.51.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Dean Foods Company will post $0.82 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st were paid a $0.09 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.46%. Dean Foods’s dividend payout ratio is currently 60.00%.
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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