Dean Foods (NYSE:DF) hit a new 52-week high and low on Monday . The stock traded as low as $8.15 and last traded at $8.31, with a volume of 1925995 shares changing hands. The stock had previously closed at $8.95.
Several equities research analysts have weighed in on the stock. ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets reissued a “market perform” rating and set a $10.00 price target (down previously from $12.00) on shares of Dean Foods in a research report on Tuesday, February 27th. Zacks Investment Research cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Stifel Nicolaus dropped their price target on shares of Dean Foods from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Finally, Goldman Sachs cut shares of Dean Foods from a “neutral” rating to a “sell” rating and dropped their price target for the company from $10.00 to $8.00 in a research report on Monday. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.54.
The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a market capitalization of $815.94, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.45.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). Dean Foods had a return on equity of 11.80% and a net margin of 0.79%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. equities analysts forecast that Dean Foods will post 0.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Monday, March 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.36 annualized dividend and a dividend yield of 4.41%. Dean Foods’s payout ratio is 45.00%.
In related news, SVP Jose A. Motta sold 8,733 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $9.28, for a total value of $81,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. Fairpointe Capital LLC bought a new position in shares of Dean Foods in the 4th quarter worth about $2,533,000. Segall Bryant & Hamill LLC bought a new position in shares of Dean Foods in the 4th quarter worth about $3,834,000. MetLife Investment Advisors LLC bought a new position in shares of Dean Foods in the 4th quarter worth about $1,179,000. Macquarie Group Ltd. increased its stake in shares of Dean Foods by 102.5% in the 4th quarter. Macquarie Group Ltd. now owns 433,116 shares of the company’s stock worth $5,007,000 after acquiring an additional 219,216 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in shares of Dean Foods by 339.1% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 229,454 shares of the company’s stock worth $2,651,000 after acquiring an additional 177,200 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.
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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.
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