DF has been the subject of several other research reports. JPMorgan Chase & Co. raised Dean Foods from a neutral rating to an overweight rating and set a $22.00 price target for the company in a report on Friday. Vertical Research raised Dean Foods from a hold rating to a buy rating in a report on Tuesday, February 28th. Sanford C. Bernstein lowered Dean Foods from an outperform rating to a market perform rating and boosted their price target for the company from $21.31 to $22.00 in a report on Thursday, January 19th. Zacks Investment Research lowered Dean Foods from a buy rating to a hold rating in a report on Tuesday, January 10th. Finally, KeyCorp initiated coverage on Dean Foods in a report on Thursday, December 1st. They set a sector weight rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Dean Foods currently has an average rating of Hold and an average price target of $21.29.
Shares of Dean Foods (NYSE:DF) traded down 0.129% during mid-day trading on Friday, reaching $19.285. The company had a trading volume of 333,308 shares. Dean Foods has a one year low of $15.69 and a one year high of $22.31. The stock has a market capitalization of $1.75 billion, a P/E ratio of 14.699 and a beta of 0.28. The firm has a 50 day moving average of $19.11 and a 200-day moving average of $18.83.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Thursday, February 16th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. The firm earned $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue was down .2% on a year-over-year basis. Analysts forecast that Dean Foods will post $1.40 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Monday, March 20th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.86%. Dean Foods’s dividend payout ratio is currently 31.30%.
In related news, Director J Wayne Mailloux sold 3,033 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $18.50, for a total value of $56,110.50. Following the sale, the director now directly owns 105,073 shares in the company, valued at $1,943,850.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of DF. Envestnet Asset Management Inc. boosted its stake in shares of Dean Foods by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock valued at $120,000 after buying an additional 145 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Dean Foods by 1.6% in the third quarter. First Citizens Bank & Trust Co. now owns 18,127 shares of the company’s stock valued at $297,000 after buying an additional 293 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Dean Foods by 0.8% in the third quarter. Mutual of America Capital Management LLC now owns 68,953 shares of the company’s stock valued at $1,131,000 after buying an additional 561 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Dean Foods by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 41,210 shares of the company’s stock valued at $676,000 after buying an additional 580 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Dean Foods by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,065 shares of the company’s stock valued at $526,000 after buying an additional 632 shares during the last quarter.
About Dean Foods
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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