LS Investment Advisors LLC raised its position in Dean Foods Company (NYSE:DF) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,275 shares of the company’s stock after buying an additional 1,081 shares during the period. LS Investment Advisors LLC’s holdings in Dean Foods were worth $124,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in Dean Foods by 12,150.7% in the first quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock valued at $221,271,000 after buying an additional 11,162,988 shares during the period. American Century Companies Inc. increased its position in Dean Foods by 474.7% in the first quarter. American Century Companies Inc. now owns 2,264,750 shares of the company’s stock valued at $44,525,000 after buying an additional 1,870,672 shares during the period. Point72 Asset Management L.P. increased its position in Dean Foods by 672.6% in the first quarter. Point72 Asset Management L.P. now owns 1,158,942 shares of the company’s stock valued at $22,785,000 after buying an additional 1,008,942 shares during the period. FMR LLC increased its position in Dean Foods by 87.9% in the first quarter. FMR LLC now owns 1,919,576 shares of the company’s stock valued at $37,739,000 after buying an additional 897,824 shares during the period. Finally, First Eagle Investment Management LLC increased its position in Dean Foods by 113.9% in the first quarter. First Eagle Investment Management LLC now owns 1,260,380 shares of the company’s stock valued at $24,779,000 after buying an additional 671,195 shares during the period.
Shares of Dean Foods Company (NYSE DF) traded up 3.67% during trading on Friday, reaching $12.16. The company had a trading volume of 1,139,544 shares. The firm’s 50 day moving average price is $15.53 and its 200 day moving average price is $18.17. Dean Foods Company has a 12 month low of $11.19 and a 12 month high of $22.31. The firm has a market capitalization of $1.11 billion, a P/E ratio of 19.93 and a beta of 0.54.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.09. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that Dean Foods Company will post $0.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Thursday, August 17th. Dean Foods’s dividend payout ratio is presently 60.00%.
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DF has been the topic of several research reports. Wells Fargo & Company restated an “outperform” rating and issued a $25.00 target price (up previously from $24.50) on shares of Dean Foods in a research report on Monday, May 15th. Morgan Stanley restated an “underweight” rating and issued a $15.00 target price (down previously from $18.00) on shares of Dean Foods in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research report on Monday, April 24th. Credit Suisse Group restated an “underperform” rating and issued a $14.00 target price (down previously from $18.00) on shares of Dean Foods in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $24.00 target price on shares of Dean Foods in a research report on Wednesday, April 26th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.40.
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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