Great West Life Assurance Co. Can Has $161,000 Position in Dean Foods Co. (DF)
Great West Life Assurance Co. Can held its stake in shares of Dean Foods Co. (NYSE:DF) during the second quarter, Holdings Channel reports. The firm owned 9,310 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Dean Foods were worth $161,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of Dean Foods during the fourth quarter worth $1,800,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Dean Foods during the first quarter worth $155,000. Parkwood LLC purchased a new stake in shares of Dean Foods during the second quarter worth $194,000. Seven Eight Capital LLC purchased a new stake in shares of Dean Foods during the first quarter worth $224,000. Finally, Suntrust Banks Inc. raised its stake in shares of Dean Foods by 6.2% in the second quarter. Suntrust Banks Inc. now owns 15,904 shares of the company’s stock worth $287,000 after buying an additional 924 shares during the last quarter.
Shares of Dean Foods Co. (NYSE:DF) traded down 0.93% during mid-day trading on Tuesday, hitting $16.03. 1,273,620 shares of the stock traded hands. The firm’s 50 day moving average price is $17.17 and its 200-day moving average price is $17.83. Dean Foods Co. has a 12-month low of $15.69 and a 12-month high of $21.17. The stock has a market cap of $1.45 billion, a P/E ratio of 13.29 and a beta of 0.29.
Dean Foods (NYSE:DF) last announced its earnings results on Monday, August 8th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.02. The firm earned $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Dean Foods had a net margin of 1.43% and a return on equity of 24.57%. Dean Foods’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Analysts predict that Dean Foods Co. will post $1.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders 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 2.25%. Dean Foods’s dividend payout ratio (DPR) is presently 29.75%.
A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of Dean Foods to a “buy” rating in a report on Thursday, May 26th. Credit Suisse Group AG reiterated a “sell” rating on shares of Dean Foods in a research note on Tuesday, August 9th. BMO Capital Markets reiterated a “hold” rating and set a $21.00 price target on shares of Dean Foods in a research note on Monday, May 23rd. Jefferies Group reiterated a “buy” rating on shares of Dean Foods in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.62.
In related news, Director J Wayne Mailloux sold 3,924 shares of the company’s stock in a transaction on Monday, July 11th. The shares were 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by 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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