Dean Foods Company (DF) Rating Increased to Sell at BidaskClub
Dean Foods Company (NYSE:DF) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.
Other analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Dean Foods Company in a report on Wednesday, April 26th. Vertical Research upgraded Dean Foods Company from a “hold” rating to a “buy” rating in a report on Tuesday, February 28th. TheStreet cut Dean Foods Company from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. ValuEngine cut Dean Foods Company from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded Dean Foods Company from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a report on Monday, April 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Dean Foods Company has an average rating of “Hold” and a consensus price target of $23.00.
Dean Foods Company (NYSE DF) traded down 0.16% during mid-day trading on Wednesday, hitting $18.41. 906,310 shares of the company were exchanged. The stock has a market cap of $1.67 billion, a P/E ratio of 23.82 and a beta of 0.59. Dean Foods Company has a 12-month low of $15.69 and a 12-month high of $22.31. The company has a 50 day moving average of $18.73 and a 200 day moving average of $19.60.
Dean Foods Company (NYSE:DF) last announced its earnings results on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Dean Foods Company had a net margin of 0.91% and a return on equity of 19.34%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Dean Foods Company will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 22nd were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 18th. Dean Foods Company’s dividend payout ratio (DPR) is presently 46.75%.
In other Dean Foods Company news, Director J Wayne Mailloux sold 3,033 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $19.70, for a total value of $59,750.10. Following the transaction, the director now directly owns 104,450 shares of the company’s stock, valued at $2,057,665. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of Dean Foods Company by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after buying an additional 686 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Dean Foods Company by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock valued at $120,000 after buying an additional 145 shares during the period. First Allied Advisory Services Inc. acquired a new position in shares of Dean Foods Company during the fourth quarter valued at about $200,000. Elkfork Partners LLC acquired a new position in shares of Dean Foods Company during the fourth quarter valued at about $201,000. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of Dean Foods Company during the fourth quarter valued at about $202,000.
Dean Foods Company Company Profile
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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