Dean Foods (NYSE:DF) had its target price trimmed by BMO Capital Markets from $10.00 to $9.00 in a research report report published on Wednesday morning. The firm currently has a market perform rating on the stock.
A number of other equities analysts have also recently weighed in on the company. Deutsche Bank raised Dean Foods from a sell rating to a hold rating and set a $8.00 price target for the company in a report on Wednesday. Vertical Group cut Dean Foods from a buy rating to a hold rating in a report on Tuesday, August 7th. Zacks Investment Research raised Dean Foods from a hold rating to a buy rating and set a $11.00 price target for the company in a report on Tuesday, July 31st. ValuEngine cut Dean Foods from a sell rating to a strong sell rating in a report on Tuesday, July 24th. Finally, Goldman Sachs Group cut Dean Foods from a neutral rating to a sell rating and reduced their price target for the stock from $10.00 to $8.00 in a report on Monday, April 16th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $9.44.
NYSE DF traded up $0.07 during trading hours on Wednesday, reaching $8.61. The company’s stock had a trading volume of 1,688,642 shares, compared to its average volume of 1,671,272. The stock has a market capitalization of $780.34 million, a price-to-earnings ratio of 11.39, a PEG ratio of 1.59 and a beta of 0.46. Dean Foods has a 1-year low of $8.03 and a 1-year high of $12.34. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. During the same quarter in the prior year, the firm posted $0.21 EPS. equities analysts predict that Dean Foods will post 0.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.18%. Dean Foods’s payout ratio is currently 45.00%.
In other news, major shareholder Value Vals Ag Vv bought 350,000 shares of Dean Foods stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $8.31 per share, with a total value of $2,908,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Cornerstone Wealth Management LLC purchased a new stake in shares of Dean Foods in the second quarter valued at approximately $516,000. Edgestream Partners L.P. grew its position in shares of Dean Foods by 16.8% in the second quarter. Edgestream Partners L.P. now owns 51,086 shares of the company’s stock valued at $537,000 after purchasing an additional 7,366 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Dean Foods by 10.3% in the first quarter. Gabelli Funds LLC now owns 86,000 shares of the company’s stock valued at $741,000 after purchasing an additional 8,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Dean Foods by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 62,784 shares of the company’s stock valued at $659,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Dean Foods by 5.9% in the first quarter. Swiss National Bank now owns 158,400 shares of the company’s stock valued at $1,365,000 after purchasing an additional 8,800 shares in the last quarter. 82.10% of the stock is owned by institutional investors and hedge funds.
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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