Quantbot Technologies LP Decreases Stake in Dean Foods Company (DF)
Quantbot Technologies LP cut its holdings in Dean Foods Company (NYSE:DF) by 74.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,131 shares of the company’s stock after selling 76,861 shares during the period. Quantbot Technologies LP’s holdings in Dean Foods were worth $284,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Flinton Capital Management LLC boosted its stake in Dean Foods by 60.6% during the 2nd quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock valued at $110,000 after purchasing an additional 2,432 shares during the period. Riverhead Capital Management LLC boosted its stake in Dean Foods by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock valued at $121,000 after purchasing an additional 2,728 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Dean Foods by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after acquiring an additional 1,081 shares during the period. Advisor Group Inc. lifted its stake in shares of Dean Foods by 40.7% in the 2nd quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock worth $133,000 after acquiring an additional 2,271 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of Dean Foods in the 2nd quarter worth approximately $172,000. 94.37% of the stock is owned by institutional investors and hedge funds.
Dean Foods Company (DF) opened at $10.81 on Thursday. The firm has a market cap of $940.77, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.53. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.28 and a quick ratio of 0.93. Dean Foods Company has a 12 month low of $9.01 and a 12 month high of $22.31.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. equities research analysts expect that Dean Foods Company will post 0.81 earnings per share for the current 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 $0.09 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a yield of 3.33%. Dean Foods’s dividend payout ratio is presently 78.26%.
A number of analysts have recently weighed in on DF shares. Jefferies Group set a $16.00 price target on shares of Dean Foods and gave the stock a “buy” rating in a research note on Sunday, October 29th. Credit Suisse Group dropped their target price on shares of Dean Foods from $10.00 to $8.50 and set an “underperform” rating on the stock in a report on Wednesday, November 8th. ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Morgan Stanley dropped their target price on shares of Dean Foods from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Dean Foods has an average rating of “Hold” and a consensus price target of $13.06.
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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