Wells Fargo & Company reiterated their outperform rating on shares of Dean Foods Company (NYSE:DF) in a report published on Monday, May 15th. They currently have a $25.00 target price on the stock, up from their prior target price of $24.50.
Several other analysts also recently commented on DF. TheStreet downgraded Dean Foods Company from a b rating to a c+ rating in a research note on Tuesday, May 9th. Vertical Research raised Dean Foods Company from a hold rating to a buy rating in a research note on Tuesday, February 28th. Zacks Investment Research downgraded Dean Foods Company from a hold rating to a strong sell rating in a research note on Friday, January 20th. Jefferies Group LLC reissued a buy rating and issued a $24.00 price target on shares of Dean Foods Company in a research note on Wednesday, April 26th. Finally, Sanford C. Bernstein downgraded Dean Foods Company from an outperform rating to a market perform rating and lifted their price target for the company from $21.31 to $22.00 in a research note on Thursday, January 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Dean Foods Company has a consensus rating of Hold and a consensus price target of $23.00.
Dean Foods Company (NYSE DF) traded down 1.10% on Monday, reaching $18.01. The company had a trading volume of 3,709,992 shares. The firm has a 50 day moving average price of $18.60 and a 200-day moving average price of $19.57. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 23.30 and a beta of 0.59. Dean Foods Company has a 12 month low of $15.69 and a 12 month high of $22.31.
Dean Foods Company (NYSE:DF) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Dean Foods Company had a return on equity of 19.34% and a net margin of 0.91%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Analysts forecast that Dean Foods Company will post $1.36 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 22nd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, May 18th. Dean Foods Company’s dividend payout ratio is currently 46.75%.
In related news, Director J Wayne Mailloux sold 3,033 shares of Dean Foods Company stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $19.31, for a total value of $58,567.23. Following the sale, the director now owns 98,384 shares of the company’s stock, valued at $1,899,795.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Dean Foods Company by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $111,000 after buying an additional 686 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Dean Foods Company by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock worth $120,000 after buying an additional 145 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in Dean Foods Company during the fourth quarter worth approximately $200,000. Elkfork Partners LLC acquired a new position in Dean Foods Company during the fourth quarter worth approximately $201,000. Finally, Gideon Capital Advisors Inc. acquired a new position in Dean Foods Company during the fourth quarter worth approximately $202,000.
Dean Foods Company Company Profile
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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