Virginia Retirement Systems ET AL boosted its stake in Dean Foods Co (NYSE:DF) by 625.7% during the first quarter, Holdings Channel reports. The firm owned 101,600 shares of the company’s stock after buying an additional 87,600 shares during the period. Virginia Retirement Systems ET AL’s holdings in Dean Foods were worth $1,997,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in DF. American Century Companies Inc. boosted its stake in shares of Dean Foods by 474.7% in the first quarter. American Century Companies Inc. now owns 2,264,750 shares of the company’s stock valued at $44,525,000 after buying an additional 1,870,672 shares during the last quarter. Norges Bank bought a new stake in shares of Dean Foods during the fourth quarter valued at approximately $29,200,000. Russell Investments Group Ltd. bought a new stake in shares of Dean Foods during the fourth quarter valued at approximately $26,864,000. First Eagle Investment Management LLC boosted its stake in shares of Dean Foods by 113.9% in the first quarter. First Eagle Investment Management LLC now owns 1,260,380 shares of the company’s stock valued at $24,779,000 after buying an additional 671,195 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Dean Foods during the third quarter valued at approximately $10,053,000.
Dean Foods Co (NYSE:DF) traded down 0.300% during trading on Wednesday, hitting $18.255. The company’s stock had a trading volume of 538,814 shares. Dean Foods Co has a 12 month low of $15.69 and a 12 month high of $22.31. The firm has a 50 day moving average of $19.29 and a 200 day moving average of $19.73. The firm has a market cap of $1.66 billion, a P/E ratio of 23.616 and a beta of 0.28.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts predict that Dean Foods Co will post $1.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 22nd will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. Dean Foods’s dividend payout ratio is presently 31.30%.
Several brokerages recently commented on DF. Zacks Investment Research cut Dean Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Wells Fargo & Co reiterated an “outperform” rating and issued a $25.00 target price (up from $24.50) on shares of Dean Foods in a report on Monday, May 15th. TheStreet cut Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Dean Foods in a report on Wednesday, April 26th. Finally, Vertical Research upgraded Dean Foods from a “hold” rating to a “buy” rating in a report on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Dean Foods presently has an average rating of “Hold” and an average price target of $23.00.
In related news, Director J Wayne Mailloux sold 3,033 shares of Dean Foods stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $19.70, for a total transaction of $59,750.10. Following the sale, the director now directly owns 104,450 shares in the company, valued at $2,057,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 9,099 shares of company stock worth $174,428 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.
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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