Dean Foods Company (DF) Receives $14.67 Consensus Target Price from Analysts
Dean Foods Company (NYSE:DF) has received a consensus rating of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.67.
Several analysts recently weighed in on DF shares. Morgan Stanley restated an “underweight” rating and issued a $15.00 price objective (down from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Wells Fargo & Company restated an “outperform” rating and issued a $25.00 price objective (up from $24.50) on shares of Dean Foods in a report on Monday, May 15th. Credit Suisse Group restated an “underperform” rating and issued a $14.00 price objective (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Zacks Investment Research downgraded Dean Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $20.00 price objective on Dean Foods and gave the company a “buy” rating in a report on Saturday, July 29th.
Shares of Dean Foods (NYSE DF) traded down 0.09% on Tuesday, reaching $10.99. 1,441,457 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.21 and a 200 day moving average of $17.18. Dean Foods has a 12-month low of $10.74 and a 12-month high of $22.31. The firm has a market cap of $999.16 million, a P/E ratio of 18.02 and a beta of 0.53.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share 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 net margin of 0.70% and a return on equity of 16.63%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts expect that Dean Foods will post $0.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.28%. Dean Foods’s payout ratio is 60.00%.
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Several hedge funds have recently modified their holdings of DF. BlackRock Inc. grew its stake in shares of Dean Foods by 12,150.7% during the first quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock worth $221,271,000 after acquiring an additional 11,162,988 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Dean Foods by 474.7% during the first quarter. American Century Companies Inc. now owns 2,264,750 shares of the company’s stock worth $44,525,000 after acquiring an additional 1,870,672 shares during the last quarter. FMR LLC grew its stake in shares of Dean Foods by 56.2% during the second quarter. FMR LLC now owns 2,998,781 shares of the company’s stock worth $50,979,000 after acquiring an additional 1,079,205 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Dean Foods by 672.6% during the first quarter. Point72 Asset Management L.P. now owns 1,158,942 shares of the company’s stock worth $22,785,000 after acquiring an additional 1,008,942 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Dean Foods by 51.2% during the second quarter. Renaissance Technologies LLC now owns 2,599,750 shares of the company’s stock worth $44,196,000 after acquiring an additional 879,800 shares during the last quarter.
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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