Cornerstone Capital Management Holdings LLC. lessened its stake in shares of Dean Foods Company (NYSE:DF) by 54.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,536 shares of the company’s stock after selling 171,500 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.16% of Dean Foods worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of DF. Vanguard Group Inc. increased its holdings in Dean Foods by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after purchasing an additional 536,720 shares during the last quarter. BlackRock Inc. boosted its position in Dean Foods by 1.2% during the 2nd quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after acquiring an additional 129,537 shares during the period. Dimensional Fund Advisors LP boosted its position in Dean Foods by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,919,927 shares of the company’s stock worth $83,640,000 after acquiring an additional 156,044 shares during the period. FMR LLC boosted its position in Dean Foods by 56.2% during the 2nd quarter. FMR LLC now owns 2,998,781 shares of the company’s stock worth $50,979,000 after acquiring an additional 1,079,205 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Dean Foods by 10.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,724,274 shares of the company’s stock worth $46,313,000 after acquiring an additional 259,880 shares during the period.
DF has been the subject of several research analyst reports. ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $20.00 price objective on Dean Foods and gave the company a “buy” rating in a report on Saturday, July 29th. Stifel Nicolaus restated a “buy” rating and issued a $13.00 price objective (down previously from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. Stephens lowered Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised Dean Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.67.
Dean Foods Company (NYSE:DF) opened at 9.85 on Friday. Dean Foods Company has a one year low of $9.84 and a one year high of $22.31. The firm has a market capitalization of $895.51 million, a P/E ratio of 16.15 and a beta of 0.51. The stock’s 50 day moving average is $10.73 and its 200 day moving average is $15.00.
Dean Foods (NYSE:DF) last posted 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). 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 the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Dean Foods Company will post $0.80 earnings per share for the current fiscal year.
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Dean Foods Company 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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