Paloma Partners Management Co Purchases New Position in Dean Foods Co (DF)
Paloma Partners Management Co acquired a new stake in shares of Dean Foods Co (NYSE:DF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 35,148 shares of the company’s stock, valued at approximately $370,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP boosted its holdings in shares of Dean Foods by 50.0% during the 2nd quarter. Trexquant Investment LP now owns 34,303 shares of the company’s stock valued at $361,000 after acquiring an additional 11,438 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Dean Foods by 85.9% during the 1st quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock valued at $6,237,000 after acquiring an additional 334,401 shares in the last quarter. Price Capital Management Inc. acquired a new stake in shares of Dean Foods during the 2nd quarter valued at $725,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Dean Foods during the 2nd quarter valued at $203,000. Finally, Aperio Group LLC boosted its holdings in shares of Dean Foods by 10.2% during the 2nd quarter. Aperio Group LLC now owns 341,576 shares of the company’s stock valued at $3,590,000 after acquiring an additional 31,637 shares in the last quarter. 85.15% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on DF shares. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Jefferies Financial Group set a $13.00 price objective on Dean Foods and gave the company a “buy” rating in a report on Tuesday, August 28th. ValuEngine downgraded Dean Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. downgraded Dean Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $9.00 to $6.00 in a report on Friday, August 17th. Finally, BMO Capital Markets cut their price objective on Dean Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, August 8th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Dean Foods presently has an average rating of “Hold” and an average price target of $9.06.
NYSE DF opened at $7.34 on Thursday. The firm has a market cap of $670.69 million, a P/E ratio of 9.79, a PEG ratio of 1.39 and a beta of 0.27. Dean Foods Co has a twelve month low of $7.24 and a twelve month high of $12.09. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.47.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, August 7th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. During the same period in the previous year, the business earned $0.21 EPS. analysts forecast that Dean Foods Co will post 0.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, August 17th. Dean Foods’s payout ratio is presently 45.00%.
Dean Foods Profile
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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