Thrivent Financial For Lutherans increased its position in Dean Foods Company (NYSE:DF) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,370 shares of the company’s stock after purchasing an additional 1,380 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Dean Foods were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of 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 last quarter. Riverhead Capital Management LLC grew its holdings in shares of Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock worth $121,000 after acquiring an additional 2,728 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after acquiring an additional 1,081 shares during the period. Nine Chapters Capital Management LLC bought a new stake in shares of Dean Foods in the second quarter worth $172,000. Finally, ING Groep NV bought a new stake in shares of Dean Foods in the second quarter worth $188,000.
DF has been the subject of several recent research reports. Morgan Stanley reissued an “underweight” rating and set a $15.00 price target (down previously from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Credit Suisse Group reiterated an “underperform” rating and issued a $14.00 target price (down from $18.00) on shares of Dean Foods in a research report on Wednesday, July 12th. ValuEngine downgraded Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $20.00 price objective on Dean Foods and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Zacks Investment Research downgraded Dean Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. Five equities research 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 stock presently has a consensus rating of “Hold” and an average price target of $14.67.
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Shares of Dean Foods Company (NYSE:DF) opened at 10.45 on Friday. The stock has a market cap of $950.06 million, a price-to-earnings ratio of 17.13 and a beta of 0.51. Dean Foods Company has a 12 month low of $10.27 and a 12 month high of $22.31. The firm has a 50-day moving average price of $10.79 and a 200-day moving average price of $15.23.
Dean Foods (NYSE:DF) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter 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.
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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