First Trust Advisors LP raised its holdings in shares of Dean Foods Co (NYSE:DF) by 162.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,977 shares of the company’s stock after buying an additional 131,945 shares during the period. First Trust Advisors LP owned about 0.23% of Dean Foods worth $2,462,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in DF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Dean Foods by 39.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,485 shares of the company’s stock valued at $201,000 after purchasing an additional 5,221 shares during the period. American International Group Inc. raised its stake in shares of Dean Foods by 2.8% during the third quarter. American International Group Inc. now owns 246,966 shares of the company’s stock valued at $2,687,000 after purchasing an additional 6,683 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Dean Foods during the third quarter valued at approximately $141,000. Crossmark Global Holdings Inc. raised its stake in shares of Dean Foods by 92.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,045 shares of the company’s stock valued at $336,000 after purchasing an additional 13,945 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP raised its stake in shares of Dean Foods by 2.1% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 726,800 shares of the company’s stock valued at $8,402,000 after purchasing an additional 14,610 shares during the period. 85.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on DF shares. Vertical Group upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, January 18th. Jefferies Group reiterated a “buy” rating and set a $13.00 price objective on shares of Dean Foods in a research note on Monday, February 26th. ValuEngine lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $7.50 price objective (down previously from $10.00) on shares of Dean Foods in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, eight have issued 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 $12.15.
Shares of Dean Foods Co (DF) opened at $8.85 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 1.39. The stock has a market cap of $806.82, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.86 and a beta of 0.53. Dean Foods Co has a 12 month low of $8.32 and a 12 month high of $20.10.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Dean Foods had a return on equity of 11.80% and a net margin of 0.79%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. analysts expect that Dean Foods Co will post 0.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Monday, March 19th will be paid a $0.09 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.07%. Dean Foods’s dividend payout ratio (DPR) is presently 53.73%.
In related news, SVP Jose A. Motta sold 8,733 shares of Dean Foods stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $9.28, for a total value of $81,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.
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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.
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