Wells Fargo & Company MN lessened its position in shares of Dean Foods Co (NYSE:DF) by 33.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 185,356 shares of the company’s stock after selling 95,213 shares during the quarter. Wells Fargo & Company MN’s holdings in Dean Foods were worth $170,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of DF. Advisory Services Network LLC purchased a new stake in Dean Foods during the 2nd quarter valued at about $26,000. Marshall Wace North America L.P. purchased a new stake in Dean Foods during the 1st quarter valued at about $49,000. GSA Capital Partners LLP grew its stake in Dean Foods by 54.9% during the 2nd quarter. GSA Capital Partners LLP now owns 66,244 shares of the company’s stock valued at $61,000 after purchasing an additional 23,476 shares during the last quarter. 6 Meridian grew its stake in Dean Foods by 15.8% during the 2nd quarter. 6 Meridian now owns 178,023 shares of the company’s stock valued at $164,000 after purchasing an additional 24,279 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Dean Foods by 186.2% during the 2nd quarter. SG Americas Securities LLC now owns 345,709 shares of the company’s stock valued at $319,000 after purchasing an additional 224,897 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.
In related news, CEO Eric Beringause bought 100,000 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $0.81 per share, for a total transaction of $81,000.00. Following the completion of the purchase, the chief executive officer now directly owns 100,000 shares of the company’s stock, valued at $81,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.
Shares of DF opened at $1.21 on Friday. Dean Foods Co has a 52 week low of $0.72 and a 52 week high of $8.15. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 6.18. The company has a market capitalization of $111.19 million, a price-to-earnings ratio of -2.57 and a beta of 0.42. The stock’s 50-day moving average price is $1.22 and its 200-day moving average price is $1.44.
Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, August 6th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.27). Dean Foods had a negative return on equity of 41.64% and a negative net margin of 5.53%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dean Foods Co will post -1.2 EPS for the current fiscal year.
Several research firms have weighed in on DF. ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets set a $2.00 price target on Dean Foods and gave the company a “hold” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.00.
Dean Foods Company Profile
Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.
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