Systematic Financial Management LP acquired a new position in Dean Foods Company (NYSE:DF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 98,010 shares of the company’s stock, valued at approximately $1,666,000. Systematic Financial Management LP owned about 0.11% of Dean Foods at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DF. Northwestern Mutual Investment Management Company LLC grew its holdings in Dean Foods by 0.3% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 15,641 shares of the company’s stock worth $308,000 after acquiring an additional 45 shares during the period. Capstone Asset Management Co. grew its holdings in Dean Foods by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 14,320 shares of the company’s stock worth $243,000 after acquiring an additional 100 shares during the period. Clinton Group Inc. grew its holdings in Dean Foods by 0.4% during the 1st quarter. Clinton Group Inc. now owns 37,120 shares of the company’s stock worth $730,000 after acquiring an additional 144 shares during the period. Gamco Investors INC. ET AL grew its holdings in Dean Foods by 1.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 14,437 shares of the company’s stock worth $284,000 after acquiring an additional 264 shares during the period. Finally, Advantus Capital Management Inc grew its holdings in Dean Foods by 3.3% during the 1st quarter. Advantus Capital Management Inc now owns 11,620 shares of the company’s stock worth $228,000 after acquiring an additional 373 shares during the period.
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Shares of Dean Foods Company (DF) opened at 10.94 on Friday. The firm’s 50-day moving average is $12.07 and its 200 day moving average is $16.68. The company has a market capitalization of $994.61 million, a PE ratio of 17.93 and a beta of 0.51. Dean Foods Company has a 12 month low of $10.75 and a 12 month high of $22.31.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Equities research analysts predict that Dean Foods Company will post $0.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, August 17th. Dean Foods’s dividend payout ratio is currently 60.00%.
A number of research firms have commented on DF. Zacks Investment Research lowered shares of Dean Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 target price on shares of Dean Foods and gave the stock a “buy” rating in a report on Saturday, July 29th. BidaskClub lowered shares of Dean Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. ValuEngine lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, 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 report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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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