11,056 Shares in Dean Foods Company (NYSE:DF) Acquired by ING Groep NV
ING Groep NV acquired a new position in Dean Foods Company (NYSE:DF) during the second quarter, Holdings Channel reports. The institutional investor acquired 11,056 shares of the company’s stock, valued at approximately $188,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new stake in Dean Foods during the first quarter worth approximately $207,000. First Citizens Bank & Trust Co. increased its stake in Dean Foods by 20.6% in the first quarter. First Citizens Bank & Trust Co. now owns 14,684 shares of the company’s stock worth $289,000 after buying an additional 2,509 shares during the last quarter. Vanguard Group Inc. increased its stake in Dean Foods by 4.9% in the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after buying an additional 536,720 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in Dean Foods by 21.8% in the first quarter. Tudor Investment Corp ET AL now owns 29,973 shares of the company’s stock worth $589,000 after buying an additional 5,359 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Dean Foods during the first quarter worth approximately $545,000.
Shares of Dean Foods Company (NYSE DF) traded up 4.35% during mid-day trading on Friday, reaching $12.24. The company had a trading volume of 2,714,821 shares. Dean Foods Company has a 52-week low of $11.19 and a 52-week high of $22.31. The stock has a market capitalization of $1.11 billion, a P/E ratio of 20.07 and a beta of 0.54. The company’s 50-day moving average is $15.37 and its 200 day moving average is $18.11.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by $0.09. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. Analysts anticipate that Dean Foods Company will post $0.82 EPS for the current fiscal 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 issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.36 annualized dividend and a yield of 2.94%. Dean Foods’s dividend payout ratio (DPR) is presently 60.00%.
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A number of analysts have recently commented on DF shares. Wells Fargo & Company restated an “outperform” rating and set a $25.00 price objective (up from $24.50) on shares of Dean Foods in a report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and set a $24.00 price objective on shares of Dean Foods in a report on Wednesday, April 26th. BidaskClub upgraded Dean Foods from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley restated an “underweight” rating and set a $15.00 price objective (down from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Finally, Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a report on Monday, April 24th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently 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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