Dean Foods Co. (DF) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. increased its position in Dean Foods Co. (NYSE:DF) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,063,664 shares of the company’s stock after buying an additional 25,241 shares during the period. Principal Financial Group Inc. owned 1.16% of Dean Foods worth $19,241,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DF. C M Bidwell & Associates Ltd. bought a new stake in Dean Foods during the first quarter worth about $155,000. Ropes Wealth Advisors LLC acquired a new position in shares of Dean Foods during the second quarter worth $172,000. Janney Montgomery Scott LLC acquired a new position in shares of Dean Foods during the second quarter worth $174,000. Acrospire Investment Management LLC raised its position in shares of Dean Foods by 87.9% in the second quarter. Acrospire Investment Management LLC now owns 10,688 shares of the company’s stock worth $193,000 after buying an additional 5,000 shares in the last quarter. Finally, Parkwood LLC acquired a new position in shares of Dean Foods during the second quarter worth $194,000.
Shares of Dean Foods Co. (NYSE:DF) traded down 0.91% during midday trading on Monday, reaching $16.25. 140,684 shares of the company were exchanged. Dean Foods Co. has a 12-month low of $15.69 and a 12-month high of $21.17. The company has a 50 day moving average price of $16.68 and a 200-day moving average price of $17.65. The stock has a market capitalization of $1.47 billion, a P/E ratio of 13.47 and a beta of 0.37.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Monday, August 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Dean Foods had a net margin of 1.43% and a return on equity of 24.57%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company earned $0.33 EPS. Dean Foods’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, analysts forecast that Dean Foods Co. will post $1.56 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on DF shares. Jefferies Group reiterated a “buy” rating on shares of Dean Foods in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of Dean Foods from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 12th. TheStreet lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of Dean Foods in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.62.
In other news, Director J Wayne Mailloux sold 3,924 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $19.66, for a total transaction of $77,145.84. Following the completion of the sale, the director now owns 105,230 shares of the company’s stock, valued at approximately $2,068,821.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.
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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