Dean Foods Co. (DF) Trading Up 3.3%
Dean Foods Co. (NYSE:DF)’s share price was up 3.3% during trading on Wednesday . The stock traded as high as $18.90 and last traded at $18.87, with a volume of 1,101,421 shares traded. The stock had previously closed at $18.27.
A number of equities analysts have issued reports on DF shares. Morgan Stanley reissued a “sell” rating and issued a $18.00 target price on shares of Dean Foods in a report on Wednesday, March 23rd. Wells Fargo & Co. reissued an “outperform” rating on shares of Dean Foods in a report on Thursday, March 24th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a report on Thursday, May 12th. BMO Capital Markets reissued a “hold” rating and issued a $21.00 target price on shares of Dean Foods in a report on Monday, May 23rd. Finally, Stephens reissued a “buy” rating on shares of Dean Foods in a report on Wednesday, March 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $20.62.
The company’s 50-day moving average price is $17.97 and its 200-day moving average price is $18.25. The company has a market cap of $1.72 billion and a price-to-earnings ratio of 16.70.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts expect that Dean Foods Co. will post $1.56 EPS for the current fiscal year.
Other hedge funds have bought and sold shares of the company. SECOR Capital Advisors LP boosted its stake in Dean Foods by 85.6% in the fourth quarter. SECOR Capital Advisors LP now owns 79,242 shares of the company’s stock worth $1,359,000 after buying an additional 36,551 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Dean Foods by 3.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 208,631 shares of the company’s stock worth $3,578,000 after buying an additional 6,131 shares during the last quarter. Winton Capital Group Ltd acquired a new stake in Dean Foods during the fourth quarter worth $1,390,000. Alambic Investment Management L.P. acquired a new stake in Dean Foods during the fourth quarter worth $1,148,000. Finally, New York State Common Retirement Fund boosted its stake in Dean Foods by 114.0% in the fourth quarter. New York State Common Retirement Fund now owns 189,580 shares of the company’s stock worth $3,251,000 after buying an additional 100,980 shares during the last quarter.
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.
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