Dean Foods Co (DF) Shares Sold by Alambic Investment Management L.P.
Alambic Investment Management L.P. reduced its holdings in Dean Foods Co (NYSE:DF) by 58.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,613 shares of the company’s stock after selling 146,119 shares during the period. Alambic Investment Management L.P. owned about 0.11% of Dean Foods worth $1,099,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new stake in Dean Foods during the second quarter worth $516,000. Edgestream Partners L.P. raised its position in shares of Dean Foods by 16.8% in the second quarter. Edgestream Partners L.P. now owns 51,086 shares of the company’s stock valued at $537,000 after buying an additional 7,366 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Dean Foods by 10.3% in the first quarter. Gabelli Funds LLC now owns 86,000 shares of the company’s stock valued at $741,000 after buying an additional 8,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dean Foods by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 62,784 shares of the company’s stock valued at $659,000 after buying an additional 8,600 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Dean Foods by 5.9% in the first quarter. Swiss National Bank now owns 158,400 shares of the company’s stock valued at $1,365,000 after buying an additional 8,800 shares during the last quarter. 85.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of DF stock opened at $7.39 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.47 and a debt-to-equity ratio of 1.39. The stock has a market cap of $675.25 million, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.40 and a beta of 0.27. Dean Foods Co has a 1-year low of $7.32 and a 1-year high of $12.09.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Friday, August 17th. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
Several equities research analysts recently issued reports on DF shares. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Jefferies Financial Group set a $13.00 price objective on shares of Dean Foods and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Deutsche Bank cut shares of Dean Foods from a “hold” rating to a “sell” rating and set a $9.00 price objective for the company. in a research report on Monday, May 14th. ValuEngine upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Finally, BMO Capital Markets cut their price objective on shares of Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.06.
In related news, major shareholder Value Vals Ag Vv bought 350,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was bought at an average price of $8.31 per share, with a total value of $2,908,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.
Dean Foods Company Profile
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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