Wells Fargo & Company MN lessened its stake in shares of Dean Foods Co (NYSE:DF) by 31.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 641,144 shares of the company’s stock after selling 295,220 shares during the quarter. Wells Fargo & Company MN owned about 0.70% of Dean Foods worth $5,526,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairpointe Capital LLC bought a new position in Dean Foods during the fourth quarter worth about $2,533,000. Segall Bryant & Hamill LLC bought a new position in Dean Foods during the fourth quarter worth about $3,834,000. MetLife Investment Advisors LLC bought a new position in Dean Foods during the fourth quarter worth about $1,179,000. Macquarie Group Ltd. increased its position in Dean Foods by 102.5% during the fourth 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 during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Dean Foods by 339.1% during the fourth 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 during the period. Institutional investors own 82.09% of the company’s stock.
A number of equities analysts recently commented on DF shares. ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Deutsche Bank started coverage on shares of Dean Foods in a research report on Monday, April 2nd. They set a “hold” rating and a $9.00 price target on the stock. Goldman Sachs Group lowered shares of Dean Foods from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $10.00 to $8.00 in a research report on Monday, April 16th. Finally, Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Monday, April 30th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Dean Foods has a consensus rating of “Hold” and an average price target of $11.54.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, May 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Dean Foods had a net margin of 0.91% and a return on equity of 11.68%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.13 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts forecast that Dean Foods Co will post 0.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Monday, May 21st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, May 18th. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
In related news, major shareholder Value Vals Ag Vv purchased 15,287 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average cost of $10.25 per share, with a total value of $156,691.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
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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