Trexquant Investment LP raised its holdings in shares of Dean Foods Co (NYSE:DF) by 72.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,196 shares of the company’s stock after purchasing an additional 24,893 shares during the period. Trexquant Investment LP owned about 0.06% of Dean Foods worth $420,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in DF. Millennium Management LLC grew its position in shares of Dean Foods by 1,775.0% during the second quarter. Millennium Management LLC now owns 937,510 shares of the company’s stock worth $9,853,000 after acquiring an additional 887,510 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dean Foods by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,619,013 shares of the company’s stock worth $80,077,000 after acquiring an additional 578,975 shares during the last quarter. BlackRock Inc. grew its position in shares of Dean Foods by 4.3% during the second quarter. BlackRock Inc. now owns 13,609,565 shares of the company’s stock worth $143,036,000 after acquiring an additional 560,559 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Dean Foods by 85.9% during the first quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock worth $6,237,000 after acquiring an additional 334,401 shares during the last quarter. Finally, WBI Investments Inc. bought a new position in shares of Dean Foods during the second quarter worth about $3,252,000. Hedge funds and other institutional investors own 83.82% of the company’s stock.
Shares of DF opened at $4.54 on Friday. The stock has a market capitalization of $426.84 million, a P/E ratio of 5.68 and a beta of -0.03. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.05. Dean Foods Co has a 52-week low of $4.32 and a 52-week 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Dean Foods had a negative net margin of 0.19% and a positive return on equity of 4.01%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Equities research analysts expect that Dean Foods Co will post -0.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Monday, November 19th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.12 dividend on an annualized basis and a yield of 2.64%. Dean Foods’s dividend payout ratio is presently 15.00%.
Several equities analysts have recently commented on DF shares. Zacks Investment Research lowered shares of Dean Foods from a “buy” rating to a “sell” rating in a research report on Friday, August 10th. ValuEngine upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. JPMorgan Chase & Co. lowered shares of Dean Foods from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $9.00 to $6.00 in a research report on Friday, August 17th. Finally, Jefferies Financial Group set a $13.00 target price on shares of Dean Foods and gave the company a “buy” rating in a research report on Tuesday, August 28th. 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 stock. The company presently has an average rating of “Hold” and an average price target of $7.56.
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Dean Foods Company 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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