Schroder Investment Management Group boosted its position in Dean Foods Co (NYSE:DF) by 1,077.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 629,589 shares of the company’s stock after buying an additional 576,112 shares during the period. Schroder Investment Management Group’s holdings in Dean Foods were worth $4,470,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in Dean Foods by 92.7% in the third quarter. Bank of Montreal Can now owns 25,891 shares of the company’s stock valued at $183,000 after acquiring an additional 12,452 shares during the period. Jane Street Group LLC lifted its holdings in Dean Foods by 276.6% in the second quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock valued at $187,000 after acquiring an additional 27,935 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Dean Foods in the second quarter valued at approximately $203,000. Ridgewood Investments LLC lifted its holdings in Dean Foods by 26.8% in the third quarter. Ridgewood Investments LLC now owns 31,356 shares of the company’s stock valued at $223,000 after acquiring an additional 6,637 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in Dean Foods by 46.9% in the third quarter. Wedge Capital Management L L P NC now owns 32,373 shares of the company’s stock valued at $230,000 after acquiring an additional 10,334 shares during the period. Hedge funds and other institutional investors own 83.82% of the company’s stock.
Shares of DF stock opened at $4.54 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.05. The company has a market cap of $426.84 million, a PE ratio of 5.68 and a beta of -0.03. Dean Foods Co has a 1-year low of $4.32 and a 1-year high of $12.09.
Dean Foods (NYSE:DF) last announced its earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. On average, sell-side analysts forecast that Dean Foods Co will post -0.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, November 16th. Dean Foods’s payout ratio is 15.00%.
DF has been the subject of a number of analyst reports. ValuEngine raised Dean Foods from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 3rd. TheStreet downgraded Dean Foods from a “c-” rating to a “d+” rating in a report on Wednesday, November 21st. Finally, Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.56.
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Dean Foods Profile
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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