Paloma Partners Management Co acquired a new stake in Dean Foods Co (NYSE:DF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,148 shares of the company’s stock, valued at approximately $370,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Dean Foods by 29.4% during the first quarter. Rhumbline Advisers now owns 222,924 shares of the company’s stock worth $1,922,000 after purchasing an additional 50,643 shares during the period. Prudential Financial Inc. increased its stake in shares of Dean Foods by 60.8% during the first quarter. Prudential Financial Inc. now owns 256,387 shares of the company’s stock worth $2,210,000 after purchasing an additional 96,920 shares during the period. Swiss National Bank increased its stake in shares of Dean Foods by 5.9% during the first quarter. Swiss National Bank now owns 158,400 shares of the company’s stock worth $1,365,000 after purchasing an additional 8,800 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Dean Foods by 9.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,715,168 shares of the company’s stock worth $14,785,000 after purchasing an additional 146,849 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Dean Foods by 86.7% during the first quarter. Aperio Group LLC now owns 309,939 shares of the company’s stock worth $2,672,000 after purchasing an additional 143,917 shares during the period. 85.15% of the stock is owned by institutional investors.
In related news, major shareholder Value Vals Ag Vv acquired 350,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were purchased at an average price of $8.31 per share, for a total transaction of $2,908,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company earned $0.21 EPS. equities research analysts expect that Dean Foods Co will post 0.4 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.36 dividend on an annualized basis and a yield of 4.90%. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
A number of brokerages have recently weighed in on DF. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine lowered Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Jefferies Financial Group set a $13.00 target price on Dean Foods and gave the stock a “buy” rating in a research note on Tuesday, August 28th. JPMorgan Chase & Co. lowered Dean Foods from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $9.00 to $6.00 in a research note on Friday, August 17th. Finally, BMO Capital Markets lowered their price objective on Dean Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.06.
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.
Further Reading: Fundamental Analysis and Individual Investors
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