Rhumbline Advisers trimmed its stake in shares of Dean Foods Co (NYSE:DF) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,281 shares of the company’s stock after selling 16,165 shares during the period. Rhumbline Advisers owned about 0.19% of Dean Foods worth $1,992,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. DSAM Partners London Ltd acquired a new position in shares of Dean Foods during the 4th quarter worth approximately $12,991,000. Schroder Investment Management Group raised its position in shares of Dean Foods by 942.8% during the 3rd quarter. Schroder Investment Management Group now owns 481,324 shares of the company’s stock worth $5,184,000 after purchasing an additional 435,168 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Dean Foods by 35.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,568,319 shares of the company’s stock worth $18,130,000 after purchasing an additional 413,402 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Dean Foods by 11.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,047,962 shares of the company’s stock worth $33,161,000 after purchasing an additional 323,688 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Dean Foods by 293.6% during the 3rd quarter. Prudential Financial Inc. now owns 243,407 shares of the company’s stock worth $2,648,000 after purchasing an additional 181,560 shares during the last quarter. Institutional investors own 85.29% of the company’s stock.
In other news, SVP Jose A. Motta sold 8,733 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $9.28, for a total transaction of $81,042.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.
Several brokerages recently issued reports on DF. Morgan Stanley set a $10.00 price objective on Dean Foods and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Stifel Nicolaus lowered their target price on shares of Dean Foods from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $10.00 target price (down from $12.00) on shares of Dean Foods in a research note on Tuesday, February 27th. Stephens reaffirmed a “hold” rating on shares of Dean Foods in a research note on Tuesday, February 27th. Finally, ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Dean Foods presently has an average rating of “Hold” and an average target price of $12.15.
Shares of Dean Foods stock opened at $8.33 on Thursday. The company has a market cap of $767.62, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.77 and a beta of 0.53. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 1.39. Dean Foods Co has a 12 month low of $8.18 and a 12 month high of $20.10.
Dean Foods (NYSE:DF) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). Dean Foods had a net margin of 0.79% and a return on equity of 11.80%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. equities analysts anticipate that Dean Foods Co will post 0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Monday, March 19th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.36 annualized dividend and a dividend yield of 4.32%. Dean Foods’s dividend payout ratio is presently 53.73%.
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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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