Insider Selling: C Shay Braun Sells 5,000 Shares of Dean Foods Stock (DF)
Dean Foods (NYSE:DF) SVP C Shay Braun sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $16.22, for a total transaction of $81,100.00. Following the completion of the transaction, the senior vice president now directly owns 9,065 shares of the company’s stock, valued at approximately $147,034. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Dean Foods (NYSE:DF) traded down 0.37% on Friday, hitting $16.02. 2,473,427 shares of the company’s stock traded hands. Dean Foods has a 52-week low of $13.59 and a 52-week high of $19.88. The stock’s 50-day moving average is $16. and its 200-day moving average is $15.94. The company has a market cap of $1.502 billion and a P/E ratio of 4.15.
Dean Foods (NYSE:DF) last announced its earnings results on Monday, August 11th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.08. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that Dean Foods will post $-0.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Monday, August 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of research firms have recently commented on DF. Analysts at S&P Equity Research raised their price target on shares of Dean Foods from $0.26 to $3.39 in a research note on Tuesday, August 12th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Bernstein raised their price target on shares of Dean Foods from $15.00 to $16.00 in a research note on Tuesday, August 12th. Finally, analysts at BB&T Corp. reiterated a “buy” rating on shares of Dean Foods in a research note on Tuesday, August 12th. They now have a $18.00 price target on the stock, down previously from $21.00. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Dean Foods has an average rating of “Hold” and an average price target of $16.95.
Dean Foods Company is a food and beverage company. The Company is a processor and direct-to-store distributor of fluid milk and other fluid dairy products in the United States.
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