Northern Trust Corp Has $4.40 Million Position in Dean Foods Co (DF)
Northern Trust Corp lessened its stake in shares of Dean Foods Co (NYSE:DF) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,156,191 shares of the company’s stock after selling 18,315 shares during the period. Northern Trust Corp owned about 1.26% of Dean Foods worth $4,404,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Dean Foods by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,660,996 shares of the company’s stock valued at $11,793,000 after buying an additional 51,463 shares during the last quarter. BlackRock Inc. grew its position in Dean Foods by 1.1% in the 3rd quarter. BlackRock Inc. now owns 13,765,942 shares of the company’s stock valued at $97,739,000 after buying an additional 156,377 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Dean Foods by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,682,596 shares of the company’s stock valued at $54,546,000 after buying an additional 63,583 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Dean Foods in the third quarter valued at $109,000. Finally, JPMorgan Chase & Co. lifted its holdings in Dean Foods by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 1,073,909 shares of the company’s stock valued at $7,624,000 after acquiring an additional 22,833 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.
A number of research firms have commented on DF. Credit Suisse Group set a $3.00 target price on Dean Foods and gave the company a “sell” rating in a report on Thursday, February 28th. BMO Capital Markets reduced their target price on Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Finally, JPMorgan Chase & Co. raised Dean Foods from an “underweight” rating to a “neutral” rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.00.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Wednesday, February 27th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.23). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. Dean Foods had a negative return on equity of 7.87% and a negative net margin of 4.22%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. On average, analysts expect that Dean Foods Co will post -0.39 EPS for the current fiscal year.
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Dean Foods Company Profile
Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.
Further Reading: Understanding Market Liquidity
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