Dynamic Technology Lab Private Ltd Invests $486,000 in Dean Foods Co. (DF)
Dynamic Technology Lab Private Ltd acquired a new position in Dean Foods Co. (NYSE:DF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,860 shares of the company’s stock, valued at approximately $486,000.
A number of other large investors have also recently modified their holdings of the company. Emerald Acquisition Ltd. purchased a new stake in shares of Dean Foods during the second quarter worth $27,182,000. Vanguard Group Inc. raised its stake in shares of Dean Foods by 13.9% in the second quarter. Vanguard Group Inc. now owns 11,286,020 shares of the company’s stock worth $204,164,000 after buying an additional 1,377,851 shares in the last quarter. LSV Asset Management raised its stake in shares of Dean Foods by 30.3% in the second quarter. LSV Asset Management now owns 4,992,744 shares of the company’s stock worth $90,318,000 after buying an additional 1,162,144 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Dean Foods by 28.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,092,949 shares of the company’s stock worth $70,890,000 after buying an additional 902,183 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Dean Foods during the fourth quarter worth $14,906,000.
Shares of Dean Foods Co. (NYSE:DF) opened at 16.06 on Tuesday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 13.32 and a beta of 0.29. The stock has a 50 day moving average price of $17.17 and a 200 day moving average price of $17.83. Dean Foods Co. has a 52 week low of $15.69 and a 52 week high of $21.17.
Dean Foods (NYSE:DF) last posted its earnings results on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business earned $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. Dean Foods had a return on equity of 24.57% and a net margin of 1.43%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities research analysts expect that Dean Foods Co. will post $1.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were paid a $0.09 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.36 annualized dividend and a dividend yield of 2.22%. Dean Foods’s payout ratio is presently 29.75%.
DF has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and issued a $23.00 price target on shares of Dean Foods in a research report on Wednesday, July 20th. Zacks Investment Research lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. TheStreet lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. BMO Capital Markets reiterated a “hold” rating and issued a $21.00 price target on shares of Dean Foods in a research report on Monday, May 23rd. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of Dean Foods in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Dean Foods has an average rating of “Hold” and a consensus price target of $20.62.
In related news, Director J Wayne Mailloux sold 3,924 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $19.66, for a total value of $77,145.84. Following the sale, the director now directly owns 105,230 shares of the company’s stock, valued at $2,068,821.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.
About Dean Foods
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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