Dean Foods Co (NYSE:DF) has received an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.13.
A number of equities research analysts have recently issued reports on DF shares. ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. TheStreet lowered shares of Dean Foods from a “c-” rating to a “d+” rating in a report on Wednesday, November 21st. Jefferies Financial Group lowered shares of Dean Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $6.00 in a report on Thursday, November 8th. Deutsche Bank set a $5.00 price target on shares of Dean Foods and gave the company a “hold” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Monday, October 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Dean Foods by 1.1% in the 3rd quarter. BlackRock Inc. now owns 13,765,942 shares of the company’s stock worth $97,739,000 after purchasing an additional 156,377 shares in the last quarter. Vanguard Group Inc raised its holdings in Dean Foods by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 9,614,972 shares of the company’s stock worth $68,267,000 after purchasing an additional 111,113 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dean Foods by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,614,972 shares of the company’s stock worth $68,267,000 after purchasing an additional 111,113 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Dean Foods by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,682,596 shares of the company’s stock worth $54,546,000 after purchasing an additional 63,583 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Dean Foods by 0.3% in the 3rd quarter. LSV Asset Management now owns 4,475,144 shares of the company’s stock worth $31,773,000 after purchasing an additional 12,100 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the firm earned $0.20 EPS. Dean Foods’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Dean Foods will post -0.24 earnings per share for the current year.
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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