Vanguard Group Inc. Buys 1,377,851 Shares of Dean Foods Co. (DF)
Vanguard Group Inc. increased its stake in shares of Dean Foods Co. (NYSE:DF) by 13.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,286,020 shares of the company’s stock after buying an additional 1,377,851 shares during the period. Vanguard Group Inc. owned 12.30% of Dean Foods worth $204,164,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new stake in Dean Foods during the second quarter valued at about $27,182,000. LSV Asset Management raised its position in Dean Foods by 30.3% in the second quarter. LSV Asset Management now owns 4,992,744 shares of the company’s stock valued at $90,318,000 after buying an additional 1,162,144 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in 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 valued at $70,890,000 after buying an additional 902,183 shares in the last quarter. JPMorgan Chase & Co. raised its position in Dean Foods by 66.8% in the first quarter. JPMorgan Chase & Co. now owns 1,300,955 shares of the company’s stock valued at $22,532,000 after buying an additional 520,918 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Dean Foods by 159.7% in the second quarter. Prudential Financial Inc. now owns 831,617 shares of the company’s stock valued at $15,044,000 after buying an additional 511,400 shares in the last quarter.
Shares of Dean Foods Co. (NYSE:DF) opened at 16.33 on Monday. The stock’s 50 day moving average price is $16.46 and its 200-day moving average price is $17.50. The firm has a market cap of $1.48 billion, a PE ratio of 13.54 and a beta of 0.37. Dean Foods Co. has a 52-week low of $15.69 and a 52-week high of $21.17.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Monday, August 8th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Dean Foods had a return on equity of 24.57% and a net margin of 1.43%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. On average, equities research analysts anticipate that Dean Foods Co. will post $1.56 earnings per share for the current fiscal year.
Several research firms have recently commented on DF. Jefferies Group restated a “buy” rating and set a $23.00 price target on shares of Dean Foods in a research report on Wednesday, August 31st. Zacks Investment Research lowered Dean Foods from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 12th. TheStreet lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG restated 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 assigned a buy rating to the company. Dean Foods has an average rating of “Hold” and an average target price of $20.62.
Dean Foods Company Profile
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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