Shares of Dean Foods Co (NYSE:DF) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.37 and last traded at $5.40, with a volume of 109301 shares trading hands. The stock had previously closed at $5.55.
Several research firms have issued reports on DF. TheStreet lowered Dean Foods from a “c-” rating to a “d+” rating in a research note on Wednesday, November 21st. ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Credit Suisse Group dropped their price objective on Dean Foods from $7.00 to $4.00 and set a “sell” rating on the stock in a research note on Thursday, November 8th. Jefferies Financial Group lowered Dean Foods from a “buy” rating to a “hold” rating and dropped their price objective for the company from $13.00 to $6.00 in a research note on Thursday, November 8th. Finally, Deutsche Bank set a $5.00 price objective on Dean Foods and gave the company a “hold” rating in a research note on Wednesday, November 7th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Dean Foods presently has a consensus rating of “Hold” and a consensus price target of $7.56.
The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. The company has a market cap of $507.27 million, a PE ratio of 6.63 and a beta of 0.02.
Dean Foods (NYSE:DF) last announced its earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. Dean Foods’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. As a group, equities analysts forecast that Dean Foods Co will post -0.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, November 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.26%. Dean Foods’s dividend payout ratio (DPR) is currently 15.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in DF. Millennium Management LLC increased its stake in shares of Dean Foods by 1,775.0% during the second quarter. Millennium Management LLC now owns 937,510 shares of the company’s stock worth $9,853,000 after purchasing an additional 887,510 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dean Foods by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,619,013 shares of the company’s stock worth $80,077,000 after purchasing an additional 578,975 shares during the period. Schroder Investment Management Group increased its stake in shares of Dean Foods by 1,077.3% during the third quarter. Schroder Investment Management Group now owns 629,589 shares of the company’s stock worth $4,470,000 after purchasing an additional 576,112 shares during the period. BlackRock Inc. increased its stake in shares of Dean Foods by 4.3% during the second quarter. BlackRock Inc. now owns 13,609,565 shares of the company’s stock worth $143,036,000 after purchasing an additional 560,559 shares during the period. Finally, BlueMountain Capital Management LLC increased its stake in shares of Dean Foods by 731.3% during the third quarter. BlueMountain Capital Management LLC now owns 500,977 shares of the company’s stock worth $3,557,000 after purchasing an additional 440,716 shares during the period. Institutional investors own 84.78% of the company’s stock.
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About Dean Foods (NYSE:DF)
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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