BMO Capital Markets reissued their market perform rating on shares of Dean Foods Company (NYSE:DF) in a research note issued to investors on Wednesday. The firm currently has a $12.00 target price on the stock, down from their previous target price of $15.00.
A number of other research analysts also recently issued reports on DF. Zacks Investment Research raised Dean Foods from a sell rating to a hold rating in a report on Wednesday, July 12th. Credit Suisse Group reissued an underperform rating and issued a $14.00 price target (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Morgan Stanley reissued an underweight rating and issued a $15.00 price target (down from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Sanford C. Bernstein downgraded Dean Foods from a market perform rating to an underperform rating and decreased their price target for the company from $18.00 to $13.00 in a report on Thursday, July 27th. Finally, Jefferies Group LLC set a $20.00 price target on Dean Foods and gave the company a buy rating in a report on Saturday, July 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $13.06.
Shares of Dean Foods (DF) traded down $0.04 during midday trading on Wednesday, reaching $9.53. The company had a trading volume of 2,107,000 shares, compared to its average volume of 1,818,570. The stock has a market capitalization 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 current ratio of 1.28, a quick ratio of 0.85 and a debt-to-equity ratio of 1.33.
Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, November 7th. The company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. Dean Foods’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. sell-side analysts anticipate that Dean Foods will post 0.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, November 17th. Dean Foods’s payout ratio is 78.26%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Dean Foods by 4.9% during the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after purchasing an additional 536,720 shares in the last quarter. BlackRock Inc. increased its position in shares of Dean Foods by 1.2% during the second quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after purchasing an additional 129,537 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dean Foods by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,919,927 shares of the company’s stock worth $83,640,000 after purchasing an additional 156,044 shares in the last quarter. State Street Corp increased its position in shares of Dean Foods by 2.0% during the second quarter. State Street Corp now owns 3,251,809 shares of the company’s stock worth $55,278,000 after purchasing an additional 62,555 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Dean Foods by 11.9% during the third 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 in the last quarter.
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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