Dean Foods Company (DF) Receives Consensus Rating of “Hold” from Brokerages

Dean Foods Company (NYSE:DF) has earned an average recommendation of “Hold” from the eighteen research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.67.

DF has been the topic of several recent analyst reports. Morgan Stanley restated an “underweight” rating and set a $15.00 price objective (down from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Credit Suisse Group restated an “underperform” rating and set a $14.00 price objective (down from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a research note 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 note on Saturday, July 29th. Finally, Zacks Investment Research cut Dean Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th.

Shares of Dean Foods (DF) remained flat at $10.49 during trading on Wednesday. The company’s stock had a trading volume of 208,204 shares. The company has a 50 day moving average price of $10.86 and a 200 day moving average price of $15.50. Dean Foods has a 12 month low of $10.30 and a 12 month high of $22.31. The stock has a market capitalization of $953.70 million, a P/E ratio of 17.20 and a beta of 0.51.

Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.09). Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.38 earnings per share. Dean Foods’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Dean Foods will post $0.81 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Dean Foods by 6.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,278 shares of the company’s stock valued at $192,000 after purchasing an additional 717 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Dean Foods by 55.2% during the 2nd quarter. Sterling Capital Management LLC now owns 59,601 shares of the company’s stock valued at $1,013,000 after purchasing an additional 21,202 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Dean Foods by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 199,799 shares of the company’s stock valued at $3,397,000 after purchasing an additional 1,165 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Dean Foods by 8,856.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 48,813 shares of the company’s stock valued at $830,000 after purchasing an additional 48,268 shares during the last quarter. Finally, State Street Corp increased its position in shares of Dean Foods by 2.0% during the 2nd quarter. State Street Corp now owns 3,251,809 shares of the company’s stock valued at $55,278,000 after purchasing an additional 62,555 shares during the last quarter.

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.

Analyst Recommendations for Dean Foods (NYSE:DF)

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