California Public Employees Retirement System grew its stake in shares of Dean Foods (NYSE:DF) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,823 shares of the company’s stock after acquiring an additional 55,934 shares during the quarter. California Public Employees Retirement System owned about 0.36% of Dean Foods worth $3,743,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in DF. Schwab Charles Investment Management Inc. boosted its holdings in shares of Dean Foods by 35.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,568,319 shares of the company’s stock worth $18,130,000 after buying an additional 413,402 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Dean Foods by 53.7% in the third quarter. Aperio Group LLC now owns 124,751 shares of the company’s stock worth $1,357,000 after buying an additional 43,610 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Dean Foods by 942.8% in the third quarter. Schroder Investment Management Group now owns 481,324 shares of the company’s stock worth $5,184,000 after buying an additional 435,168 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Dean Foods in the fourth quarter worth approximately $229,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Dean Foods by 293.6% in the third quarter. Prudential Financial Inc. now owns 243,407 shares of the company’s stock worth $2,648,000 after buying an additional 181,560 shares during the last quarter. 85.29% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on DF. Zacks Investment Research raised shares of Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, January 18th. BMO Capital Markets reissued a “market perform” rating and issued a $10.00 price objective (down previously from $12.00) on shares of Dean Foods in a report on Tuesday, February 27th. ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Deutsche Bank began coverage on shares of Dean Foods in a report on Monday, April 2nd. They issued a “hold” rating and a $9.00 price objective on the stock. Finally, Morgan Stanley set a $10.00 price objective on shares of Dean Foods and gave the stock a “hold” rating in a report on Tuesday, February 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.86.
NYSE DF traded up $0.11 on Friday, reaching $8.92. 1,072,011 shares of the stock were exchanged, compared to its average volume of 2,274,676. Dean Foods has a one year low of $8.18 and a one year high of $20.10. The stock has a market cap of $803.17, a price-to-earnings ratio of 11.15, a PEG ratio of 1.82 and a beta of 0.45. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39.
Dean Foods (NYSE:DF) last released its earnings results on Monday, February 26th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $1.94 billion for 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%. Dean Foods’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. sell-side analysts forecast that Dean Foods will post 0.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Monday, March 19th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Friday, March 16th. Dean Foods’s payout ratio is currently 45.00%.
In other news, SVP Jose A. Motta sold 8,733 shares of Dean Foods stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $9.28, for a total transaction of $81,042.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.
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About Dean Foods
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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