Dean Foods Company (NYSE:DF) Downgraded by Stephens

Stephens downgraded shares of Dean Foods Company (NYSE:DF) from an overweight rating to an equal weight rating in a report issued on Tuesday. Stephens currently has $22.00 price target on the stock.

Several other analysts have also recently issued reports on the stock. TheStreet cut shares of Dean Foods from a b rating to a c+ rating in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a buy rating and set a $24.00 price objective on shares of Dean Foods in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of Dean Foods from a hold rating to a strong sell rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Dean Foods from a sell rating to a strong sell rating in a research note on Tuesday, June 27th. Finally, ValuEngine cut shares of Dean Foods from a buy rating to a hold rating in a research note on Friday, June 2nd. Five 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. Dean Foods has an average rating of Hold and a consensus price target of $15.40.

Dean Foods (NYSE DF) opened at 12.24 on Tuesday. The company has a 50-day moving average price of $15.37 and a 200 day moving average price of $18.11. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 20.07 and a beta of 0.54. Dean Foods has a 52-week low of $11.19 and a 52-week high of $22.31.

Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.09. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Dean Foods will post $0.82 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st will be paid a $0.09 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 2.94%. Dean Foods’s dividend payout ratio (DPR) is 60.00%.

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Dean Foods 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. Riverhead Capital Management LLC boosted its stake in Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock valued at $121,000 after buying an additional 2,728 shares during the period. LS Investment Advisors LLC boosted its stake in Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after buying an additional 1,081 shares during the period. Advisor Group Inc. boosted its stake in Dean Foods by 40.7% in the second quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after buying an additional 2,271 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new stake in Dean Foods during the second quarter valued at $172,000.

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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