Dean Foods Sees Unusually High Options Volume (DF)

Dean Foods Co (NYSE:DF) saw unusually large options trading activity on Wednesday. Traders acquired 13,085 put options on the company. This represents an increase of 1,031% compared to the average daily volume of 1,157 put options.

Shares of NYSE DF opened at $7.34 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.47 and a debt-to-equity ratio of 1.39. Dean Foods has a 52 week low of $7.24 and a 52 week high of $12.09. The stock has a market capitalization of $670.69 million, a PE ratio of 9.18, a price-to-earnings-growth ratio of 1.39 and a beta of 0.27.

Dean Foods (NYSE:DF) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Dean Foods had a net margin of 0.17% and a return on equity of 10.88%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. equities research analysts predict that Dean Foods will post 0.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Monday, August 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Friday, August 17th. Dean Foods’s dividend payout ratio is currently 45.00%.

In related news, major shareholder Value Vals Ag Vv acquired 350,000 shares of Dean Foods stock in a transaction on Tuesday, August 7th. The stock was bought at an average cost of $8.31 per share, for a total transaction of $2,908,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in Dean Foods by 333.5% during the first quarter. US Bancorp DE now owns 11,912 shares of the company’s stock worth $103,000 after buying an additional 9,164 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Dean Foods during the second quarter worth about $162,000. Jane Street Group LLC boosted its stake in Dean Foods by 276.6% during the second quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock worth $187,000 after buying an additional 27,935 shares during the period. Mackay Shields LLC purchased a new position in Dean Foods during the first quarter worth about $197,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Dean Foods during the second quarter worth about $203,000. 85.15% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on DF. ValuEngine upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Deutsche Bank upgraded shares of Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 target price for the company in a research report on Wednesday, August 8th. Vertical Group cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, July 31st. Finally, BMO Capital Markets reduced their target price on shares of Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Dean Foods presently has an average rating of “Hold” and a consensus price target of $9.06.

Dean Foods Company Profile

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.

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