Symphony Asset Management LLC bought a new position in Dean Foods Company (NYSE:DF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,385 shares of the company’s stock, valued at approximately $296,000.
Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Dean Foods by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after buying an additional 686 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock valued at $121,000 after buying an additional 2,728 shares during the period. LS Investment Advisors LLC increased its stake in shares of Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after buying an additional 1,081 shares during the period. Nine Chapters Capital Management LLC acquired a new position in shares of Dean Foods in the second quarter valued at approximately $172,000. Finally, ING Groep NV acquired a new position in shares of Dean Foods in the second quarter valued at approximately $188,000.
Several research firms have recently issued reports on DF. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price objective (down previously from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Vertical Group downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co downgraded Dean Foods from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $12.00 in a research note on Tuesday, August 8th. BMO Capital Markets reissued a “market perform” rating and set a $15.00 target price (down previously from $20.00) on shares of Dean Foods in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC decreased their target price on shares of Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.40.
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Shares of Dean Foods Company (NYSE DF) opened at 10.94 on Friday. The stock’s 50 day moving average is $12.07 and its 200 day moving average is $16.68. The firm has a market cap of $994.61 million, a P/E ratio of 17.93 and a beta of 0.51. Dean Foods Company has a 12 month low of $10.75 and a 12 month high of $22.31.
Dean Foods (NYSE:DF) last posted its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $0.38 earnings per share. Dean Foods’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Dean Foods Company will post $0.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.29%. Dean Foods’s dividend payout ratio (DPR) is presently 60.00%.
Dean Foods 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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