Nisa Investment Advisors LLC cut its stake in shares of Dean Foods Company (NYSE:DF) by 45.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,890 shares of the company’s stock after selling 5,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Dean Foods were worth $100,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in Dean Foods by 69.8% in the first quarter. Bank of Montreal Can now owns 360,004 shares of the company’s stock valued at $7,077,000 after buying an additional 148,037 shares during the period. Capstone Asset Management Co. boosted its position in Dean Foods by 0.8% in the first quarter. Capstone Asset Management Co. now owns 14,220 shares of the company’s stock valued at $280,000 after buying an additional 110 shares during the period. Louisiana State Employees Retirement System boosted its position in Dean Foods by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $450,000 after buying an additional 500 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its position in Dean Foods by 3.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 649,496 shares of the company’s stock valued at $12,769,000 after buying an additional 20,587 shares during the period. Finally, Sigma Planning Corp purchased a new position in Dean Foods during the first quarter valued at approximately $207,000.
Dean Foods Company (NYSE DF) traded up 2.80% during midday trading on Friday, reaching $11.74. The company had a trading volume of 819,997 shares. Dean Foods Company has a 12 month low of $11.19 and a 12 month high of $22.31. The stock has a market cap of $1.07 billion, a P/E ratio of 19.25 and a beta of 0.54. The firm has a 50-day moving average of $14.72 and a 200-day moving average of $17.88.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.09. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. On average, equities analysts expect that Dean Foods Company will post $0.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 21st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.36 annualized dividend and a yield of 3.15%. Dean Foods’s dividend payout ratio is currently 60.00%.
DF has been the subject of several recent research reports. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a report on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and issued a $24.00 target price on shares of Dean Foods in a report on Wednesday, April 26th. TheStreet cut Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Wells Fargo & Company reissued an “outperform” rating and issued a $25.00 target price (up from $24.50) on shares of Dean Foods in a report on Monday, May 15th. Finally, ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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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