Dean Foods Company (NYSE:DF) had its price target reduced by Morgan Stanley from $10.00 to $9.00 in a research report sent to investors on Wednesday morning. Morgan Stanley currently has an overweight rating on the stock.
Several other equities research analysts have also issued reports on DF. Stifel Nicolaus reaffirmed a buy rating and issued a $13.00 price objective (down previously from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. BMO Capital Markets reaffirmed a market perform rating and issued a $12.00 price objective (down previously from $15.00) on shares of Dean Foods in a research note on Wednesday. Vertical Group lowered shares of Dean Foods from a buy rating to a hold rating in a research note on Thursday, August 10th. J P Morgan Chase & Co lowered shares of Dean Foods from an overweight rating to a neutral rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC reduced their price objective on shares of Dean Foods from $20.00 to $16.00 and set a buy rating for the company in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $13.06.
Shares of Dean Foods (NYSE DF) traded down $0.04 during trading hours on Wednesday, hitting $9.53. 2,107,000 shares of the company’s stock were exchanged, compared to its average volume of 1,818,570. The firm has a market cap of $867.92, a price-to-earnings ratio of 10.36, a P/E/G ratio of 1.68 and a beta of 0.53. Dean Foods has a 52 week low of $9.01 and a 52 week high of $22.31. The company has a quick ratio of 0.85, a current ratio of 1.28 and a debt-to-equity ratio of 1.33.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $0.37 EPS. Dean Foods’s quarterly revenue was down 1.4% compared to the same quarter last year. sell-side analysts expect that Dean Foods will post 0.81 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, November 17th. Dean Foods’s dividend payout ratio is 78.26%.
Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC lifted its position in Dean Foods by 60.6% during the 2nd quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock worth $110,000 after acquiring an additional 2,432 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Dean Foods by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $111,000 after acquiring an additional 686 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Dean Foods by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock worth $121,000 after acquiring an additional 2,728 shares during the last quarter. LS Investment Advisors LLC lifted its position in Dean Foods by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Dean Foods by 40.7% during the 2nd quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock worth $133,000 after purchasing an additional 2,271 shares during the period.
Dean Foods Company Profile
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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