Dean Foods Company (DF) Shares Up 0% Following Dividend Announcement

Dean Foods Company (NYSE:DF) shot up 0% during trading on Wednesday following a dividend announcement from the company. The company traded as high as $9.75 and last traded at $9.65. 3,902,362 shares changed hands during trading, an increase of 177% from the average session volume of 1,406,575 shares. The stock had previously closed at $9.65.

The newly announced dividend which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.73%. Dean Foods’s dividend payout ratio (DPR) is 60.00%.

Several brokerages have recently issued reports on DF. Credit Suisse Group reaffirmed an “underperform” rating and set a $14.00 price objective (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley reissued an “underweight” rating and set a $15.00 target price (down previously from $18.00) on shares of Dean Foods in a research report on Tuesday, July 18th. Sanford C. Bernstein downgraded Dean Foods from a “market perform” rating to an “underperform” rating and cut their target price for the company from $18.00 to $13.00 in a research report on Thursday, July 27th. Finally, Jefferies Group LLC set a $20.00 target price on Dean Foods and gave the company a “buy” rating in a research report on Saturday, July 29th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.06.

The firm has a market cap of $835.51, a PE ratio of 8.43, a P/E/G ratio of 1.63 and a beta of 0.53. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.85 and a current ratio of 1.21.

Dean Foods (NYSE:DF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. Dean Foods’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. research analysts forecast that Dean Foods Company will post 0.8 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC grew its position in Dean Foods by 60.6% in the 2nd quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock valued at $110,000 after acquiring an additional 2,432 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Dean Foods by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after acquiring an additional 686 shares during the last quarter. Riverhead Capital Management LLC grew its position in Dean Foods by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock valued at $121,000 after acquiring an additional 2,728 shares during the last quarter. LS Investment Advisors LLC grew its position in Dean Foods by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Dean Foods by 40.7% in the 2nd quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after acquiring an additional 2,271 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This story was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://transcriptdaily.com/2017/11/08/dean-foods-company-df-shares-up-0-following-dividend-announcement.html.

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.

Receive News & Ratings for Dean Foods Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dean Foods Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply