Dean Foods Company (DF) Position Increased by California Public Employees Retirement System
California Public Employees Retirement System boosted its stake in Dean Foods Company (NYSE:DF) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,045 shares of the company’s stock after acquiring an additional 2,900 shares during the period. California Public Employees Retirement System owned 0.27% of Dean Foods worth $4,234,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Dean Foods by 1.2% during the second quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after purchasing an additional 129,537 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Dean Foods during the second quarter worth $2,661,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Dean Foods during the second quarter worth $172,000. American Century Companies Inc. raised its holdings in shares of Dean Foods by 18.9% during the second quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock worth $45,776,000 after purchasing an additional 427,929 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Dean Foods by 21.8% during the first quarter. Tudor Investment Corp ET AL now owns 29,973 shares of the company’s stock worth $589,000 after purchasing an additional 5,359 shares during the period.
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Dean Foods Company (NYSE:DF) opened at 10.45 on Friday. Dean Foods Company has a 52-week low of $10.27 and a 52-week high of $22.31. The stock’s 50 day moving average is $10.79 and its 200 day moving average is $15.23. The company has a market cap of $950.06 million, a price-to-earnings ratio of 17.13 and a beta of 0.51.
Dean Foods (NYSE:DF) last issued its quarterly earnings data 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). The company had revenue of $1.93 billion for 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 firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. On average, analysts predict that Dean Foods Company will post $0.81 earnings per share for the current fiscal year.
A number of brokerages have weighed in on DF. BidaskClub cut shares of Dean Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Credit Suisse Group reissued an “underperform” rating and set a $14.00 target price (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley reissued an “underweight” rating and set a $15.00 target price (down from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Finally, Sanford C. Bernstein cut shares of Dean Foods from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $18.00 to $13.00 in a report on Thursday, July 27th. Five equities research 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’s stock. Dean Foods currently has a consensus rating of “Hold” and an average target price of $14.67.
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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