Virtu KCG Holdings LLC Acquires New Stake in Dean Foods Company (DF)
Virtu KCG Holdings LLC acquired a new stake in shares of Dean Foods Company (NYSE:DF) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,009 shares of the company’s stock, valued at approximately $1,020,000. Virtu KCG Holdings LLC owned about 0.07% of Dean Foods as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Dean Foods by 13.8% in 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 period. Riverhead Capital Management LLC boosted its stake in Dean Foods by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock worth $121,000 after buying an additional 2,728 shares in the last quarter. LS Investment Advisors LLC boosted 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 buying an additional 1,081 shares in the last quarter. Advisor Group Inc. boosted its stake in Dean Foods by 40.7% during the second quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock worth $133,000 after buying an additional 2,271 shares in the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new stake in Dean Foods during the second quarter worth $172,000.
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 50 day moving average of $11.84 and a 200-day moving average of $16.55. The company has a market cap of $989.16 million, a PE ratio of 17.84 and a beta of 0.51.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The company had revenue of $1.93 billion for 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%. During the same period last year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Dean Foods Company will post $0.81 earnings per share for the current year.
A number of equities analysts have recently issued reports on DF shares. ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley reissued an “underweight” rating and issued a $15.00 target price (down previously from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Jefferies Group LLC set a $20.00 target price on shares of Dean Foods and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $15.00 target price (down previously from $20.00) on shares of Dean Foods in a research note on Wednesday, August 9th. Five 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’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.40.
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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