Dean Foods Co (DF) Shares Bought by Stone Ridge Asset Management LLC
Stone Ridge Asset Management LLC lifted its position in Dean Foods Co (NYSE:DF) by 24.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,876 shares of the company’s stock after acquiring an additional 15,172 shares during the period. Stone Ridge Asset Management LLC’s holdings in Dean Foods were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of DF. Gator Capital Management LLC acquired a new stake in Dean Foods during the 3rd quarter valued at $256,000. Wells Fargo & Company MN grew its holdings in Dean Foods by 36.2% during the 3rd quarter. Wells Fargo & Company MN now owns 805,254 shares of the company’s stock valued at $5,716,000 after buying an additional 213,885 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Dean Foods by 46.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 32,373 shares of the company’s stock valued at $230,000 after buying an additional 10,334 shares during the last quarter. Ridgewood Investments LLC grew its holdings in Dean Foods by 26.8% during the 3rd quarter. Ridgewood Investments LLC now owns 31,356 shares of the company’s stock valued at $223,000 after buying an additional 6,637 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP grew its holdings in Dean Foods by 21.3% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 970,150 shares of the company’s stock valued at $6,888,000 after buying an additional 170,430 shares during the last quarter. 84.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on DF shares. ValuEngine upgraded Dean Foods from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 3rd. Vertical Group cut Dean Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. BMO Capital Markets lowered their target price on Dean Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Dean Foods has a consensus rating of “Hold” and a consensus price target of $7.56.
Dean Foods (NYSE:DF) last announced its earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that Dean Foods Co will post -0.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be paid a $0.03 dividend. The ex-dividend date is Friday, November 16th. This represents a $0.12 dividend on an annualized basis and a yield of 2.10%. Dean Foods’s dividend payout ratio (DPR) is 15.00%.
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Dean Foods 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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