New York State Teachers Retirement System Decreases Holdings in Dean Foods Company (DF)
New York State Teachers Retirement System reduced its holdings in shares of Dean Foods Company (NYSE:DF) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,890 shares of the company’s stock after selling 26,100 shares during the quarter. New York State Teachers Retirement System owned 0.21% of Dean Foods worth $2,110,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its stake in Dean Foods by 1.2% during the second quarter. California Public Employees Retirement System now owns 249,045 shares of the company’s stock worth $4,234,000 after buying an additional 2,900 shares during the period. BlackRock Inc. grew its stake in 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 buying an additional 129,537 shares during the period. Sterling Capital Management LLC grew its stake in Dean Foods by 55.2% during the second quarter. Sterling Capital Management LLC now owns 59,601 shares of the company’s stock worth $1,013,000 after buying an additional 21,202 shares during the period. Smith Graham & Co. Investment Advisors LP grew its stake in Dean Foods by 70.0% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 712,190 shares of the company’s stock worth $7,749,000 after buying an additional 293,190 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Dean Foods during the second quarter worth approximately $2,661,000. Institutional investors own 96.57% of the company’s stock.
Several research analysts have recently weighed in on DF shares. 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. Morgan Stanley restated an “underweight” rating and issued a $15.00 target price (down from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Sanford C. Bernstein downgraded shares of Dean Foods from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $18.00 to $13.00 in a research note on Thursday, July 27th. Jefferies Group LLC set a $20.00 target price on shares of Dean Foods and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Stephens downgraded shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.06.
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Dean Foods Company (NYSE:DF) opened at $9.53 on Monday. Dean Foods Company has a 52 week low of $9.01 and a 52 week high of $22.31. The company has a current ratio of 1.28, a quick ratio of 0.93 and a debt-to-equity ratio of 1.33. The company has a market cap of $867.91, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 1.68 and a beta of 0.53.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. equities research analysts predict that Dean Foods Company will post 0.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 3.78%. Dean Foods’s dividend payout ratio (DPR) is 78.26%.
About Dean Foods
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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