Renaissance Technologies LLC Has $44.20 Million Stake in Dean Foods Company (DF)
Renaissance Technologies LLC lifted its position in Dean Foods Company (NYSE:DF) by 51.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,599,750 shares of the company’s stock after purchasing an additional 879,800 shares during the period. Renaissance Technologies LLC owned about 2.86% of Dean Foods worth $44,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in DF. Advisor Group Inc. boosted its stake in shares of Dean Foods by 40.7% in the second quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock worth $133,000 after acquiring an additional 2,271 shares during the period. Nordea Investment Management AB grew its position in shares of Dean Foods by 31.3% during the second quarter. Nordea Investment Management AB now owns 103,672 shares of the company’s stock worth $1,762,000 after purchasing an additional 24,693 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Dean Foods during the second quarter worth about $1,750,000. California Public Employees Retirement System grew its position in shares of Dean Foods by 1.2% during the second quarter. California Public Employees Retirement System now owns 249,045 shares of the company’s stock worth $4,234,000 after purchasing an additional 2,900 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Dean Foods during the second quarter worth about $172,000.
Shares of Dean Foods Company (NYSE DF) opened at 10.88 on Monday. Dean Foods Company has a 1-year low of $10.30 and a 1-year high of $22.31. The stock has a market cap of $989.16 million, a P/E ratio of 17.84 and a beta of 0.51. The company’s 50-day moving average is $11.84 and its 200-day moving average is $16.55.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Dean Foods Company will post $0.81 EPS for the current fiscal year.
DF has been the topic of a number of research analyst reports. Wells Fargo & Company cut Dean Foods from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $25.00 to $12.00 in a report on Wednesday, August 9th. Sanford C. Bernstein lowered shares of Dean Foods from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $13.00 in a report on Thursday, July 27th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reduced their price objective on shares of Dean Foods from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Finally, Stephens cut shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock. in a research report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company 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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