Dean Foods Company (DF) Stake Cut by Trexquant Investment LP
Trexquant Investment LP decreased its stake in Dean Foods Company (NYSE:DF) by 54.0% during the second quarter, Holdings Channel reports. The fund owned 34,101 shares of the company’s stock after selling 40,099 shares during the period. Trexquant Investment LP’s holdings in Dean Foods were worth $580,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Nine Chapters Capital Management LLC bought a new stake in Dean Foods during the second quarter valued at about $172,000. Sei Investments Co. boosted its position in Dean Foods by 13.2% in the second quarter. Sei Investments Co. now owns 271,345 shares of the company’s stock valued at $4,613,000 after buying an additional 31,537 shares during the period. Texas Permanent School Fund boosted its position in Dean Foods by 1.0% in the second quarter. Texas Permanent School Fund now owns 66,353 shares of the company’s stock valued at $1,128,000 after buying an additional 642 shares during the period. Rothschild Asset Management Inc. boosted its position in Dean Foods by 3.0% in the second quarter. Rothschild Asset Management Inc. now owns 1,585,089 shares of the company’s stock valued at $26,947,000 after buying an additional 46,568 shares during the period. Finally, ING Groep NV acquired a new position in Dean Foods during the second quarter valued at $188,000.
Shares of Dean Foods Company (NYSE DF) opened at 12.24 on Friday. The company has a market cap of $1.11 billion, a PE ratio of 20.07 and a beta of 0.54. The company has a 50 day moving average price of $15.37 and a 200 day moving average price of $18.11. Dean Foods Company has a 52 week low of $11.19 and a 52 week high of $22.31.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.09. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Dean Foods Company will post $0.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 21st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, August 17th. Dean Foods’s dividend payout ratio is presently 60.00%.
Several research firms have weighed in on DF. Zacks Investment Research cut Dean Foods from a “hold” rating to a “strong sell” rating in a research note on Friday. Jefferies Group LLC lowered their target price on Dean Foods from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price (down previously from $17.00) on shares of Dean Foods in a research note on Thursday. Vertical Group cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 target price (down previously from $20.00) on shares of Dean Foods in a research note on Wednesday. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Dean Foods presently has a consensus rating of “Hold” and an average target price of $15.40.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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