Koch Industries Inc. acquired a new position in Dean Foods Co (NYSE:DF) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 32,056 shares of the company’s stock, valued at approximately $371,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in Dean Foods by 6.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,278 shares of the company’s stock worth $192,000 after acquiring an additional 717 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Dean Foods by 39.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,485 shares of the company’s stock worth $201,000 after acquiring an additional 5,221 shares in the last quarter. American International Group Inc. grew its stake in Dean Foods by 2.8% in the 3rd quarter. American International Group Inc. now owns 246,966 shares of the company’s stock worth $2,687,000 after acquiring an additional 6,683 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Dean Foods by 4.3% in the 4th quarter. OppenheimerFunds Inc. now owns 197,836 shares of the company’s stock worth $2,287,000 after acquiring an additional 8,129 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Dean Foods in the 3rd quarter worth about $141,000. 85.39% of the stock is currently owned by institutional investors.
In related news, SVP Jose A. Motta sold 8,733 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $9.28, for a total transaction of $81,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). Dean Foods had a net margin of 0.79% and a return on equity of 11.80%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. Dean Foods’s revenue for the quarter was down 4.1% on a year-over-year basis. analysts predict that Dean Foods Co will post 0.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Monday, March 19th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.36 dividend on an annualized basis and a yield of 3.89%. Dean Foods’s payout ratio is 53.73%.
DF has been the topic of a number of research analyst reports. Credit Suisse Group restated an “underperform” rating and issued a $7.50 target price (down from $10.00) on shares of Dean Foods in a research note on Tuesday, February 27th. ValuEngine upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Vertical Group upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, January 18th. Finally, Stephens reiterated a “hold” rating on shares of Dean Foods in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Dean Foods presently has a consensus rating of “Hold” and a consensus price target of $12.15.
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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