Dean Foods Company (DF) Bond Prices Fall 0.9%

An issue of Dean Foods Company (NYSE:DF) bonds fell 0.9% against their face value during trading on Monday. The high-yield issue of debt has a 6.5% coupon and is set to mature on March 15, 2023. The bonds in the issue are now trading at $100.88 and were trading at $101.75 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its stock price.

Several research firms have recently issued reports on DF. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $14.00 price objective (down from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $15.00 price objective (down from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Sanford C. Bernstein lowered Dean Foods from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Thursday, July 27th. Finally, Jefferies Group LLC set a $20.00 price objective on Dean Foods and gave the company a “buy” rating in a research note on Saturday, July 29th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Dean Foods presently has a consensus rating of “Hold” and a consensus target price of $14.67.

Shares of Dean Foods Company (NYSE:DF) traded up 0.051% during mid-day trading on Wednesday, hitting $9.755. The stock had a trading volume of 564,149 shares. Dean Foods Company has a 12 month low of $9.61 and a 12 month high of $22.31. The firm has a 50 day moving average price of $10.59 and a 200-day moving average price of $14.72. The stock has a market cap of $886.88 million, a P/E ratio of 15.992 and a beta of 0.51.

Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) 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 firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. Dean Foods’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Dean Foods Company will post $0.80 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC boosted its holdings in Dean Foods by 60.6% during the 2nd quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock valued at $110,000 after acquiring an additional 2,432 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Dean Foods by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after acquiring an additional 686 shares during the period. Riverhead Capital Management LLC boosted its holdings in Dean Foods by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock valued at $121,000 after acquiring an additional 2,728 shares during the period. LS Investment Advisors LLC boosted its holdings in Dean Foods by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after acquiring an additional 1,081 shares during the period. Finally, Advisor Group Inc. boosted its holdings in Dean Foods by 40.7% during the 2nd quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after acquiring an additional 2,271 shares during the period.

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Dean Foods 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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