Dean Foods Co. (DF) Shares Up 3.3%
Dean Foods Co. (NYSE:DF) shares shot up 3.3% on Wednesday . The company 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.
Several equities analysts recently issued reports on DF shares. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Dean Foods in a research report on Thursday, May 12th. TheStreet raised Dean Foods to a “buy” rating in a report on Thursday, May 26th. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a report on Thursday, May 12th. BMO Capital Markets reissued a “hold” rating and set a $21.00 price target on shares of Dean Foods in a report on Monday, May 23rd. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of Dean Foods in a report on Thursday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.62.
The firm has a market capitalization of $1.75 billion and a price-to-earnings ratio of 16.94. The stock has a 50 day moving average price of $18.02 and a 200 day moving average price of $18.26.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts expect that Dean Foods Co. will post $1.56 earnings per share for the current fiscal year.
Other large investors recently bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. increased its stake in Dean Foods by 51.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 60,854 shares of the company’s stock valued at $1,043,000 after buying an additional 20,730 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Dean Foods by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 62,988 shares of the company’s stock valued at $1,080,000 after buying an additional 337 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in Dean Foods during the fourth quarter valued at approximately $1,148,000. SECOR Capital Advisors LP increased 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 valued at $1,359,000 after buying an additional 36,551 shares during the last quarter. Finally, Winton Capital Group Ltd bought a new stake in Dean Foods during the fourth quarter valued at approximately $1,390,000.
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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