Dean Foods Company (DF) Stake Boosted by Legal & General Group Plc
Legal & General Group Plc grew its position in shares of Dean Foods Company (NYSE:DF) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,822 shares of the company’s stock after acquiring an additional 12,282 shares during the period. Legal & General Group Plc owned about 0.15% of Dean Foods worth $2,314,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DF. PNC Financial Services Group Inc. raised its stake in shares of Dean Foods by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after acquiring an additional 686 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Dean Foods by 17.5% during the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after acquiring an additional 1,081 shares during the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of Dean Foods during the second quarter valued at about $172,000. ING Groep NV bought a new position in shares of Dean Foods during the second quarter valued at about $188,000. Finally, Jane Street Group LLC raised its stake in shares of Dean Foods by 6.4% during the first quarter. Jane Street Group LLC now owns 10,321 shares of the company’s stock valued at $203,000 after acquiring an additional 621 shares during the last quarter.
Several brokerages have recently commented on DF. Zacks Investment Research downgraded shares of Dean Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Jefferies Group LLC set a $20.00 price target on shares of Dean Foods and gave the stock a “buy” rating in a research note on Saturday, July 29th. BidaskClub downgraded shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $14.00 price target (down from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Dean Foods currently has an average rating of “Hold” and an average target price of $15.40.
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Shares of Dean Foods Company (NYSE DF) opened at 10.42 on Friday. Dean Foods Company has a one year low of $10.37 and a one year high of $22.31. The stock has a market cap of $947.33 million, a PE ratio of 17.08 and a beta of 0.51. The firm has a 50-day moving average of $11.84 and a 200-day moving average of $16.55.
Dean Foods (NYSE:DF) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Dean Foods Company will post $0.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st were issued a $0.09 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.45%. Dean Foods’s dividend payout ratio is currently 60.00%.
Dean Foods 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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