First Trust Advisors LP acquired a new position in Dean Foods Co. (NYSE:DF) during the second quarter, Holdings Channel reports. The fund acquired 14,575 shares of the company’s stock, valued at approximately $264,000.
Several other institutional investors have also modified their holdings of the company. Aperio Group LLC boosted its position in Dean Foods by 0.6% in the first quarter. Aperio Group LLC now owns 41,356 shares of the company’s stock worth $716,000 after buying an additional 245 shares in the last quarter. Virginia Retirement System purchased a new position in Dean Foods during the first quarter worth approximately $397,000. Prudential Financial Inc. boosted its position in Dean Foods by 105.3% in the first quarter. Prudential Financial Inc. now owns 320,217 shares of the company’s stock worth $5,546,000 after buying an additional 164,240 shares in the last quarter. BlackRock Inc. boosted its position in Dean Foods by 2.1% in the first quarter. BlackRock Inc. now owns 37,260 shares of the company’s stock worth $646,000 after buying an additional 776 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Dean Foods by 145.4% in the first quarter. BlackRock Group LTD now owns 144,886 shares of the company’s stock worth $2,510,000 after buying an additional 85,856 shares in the last quarter.
Dean Foods Co. (NYSE:DF) traded up 1.194% on Monday, hitting $16.525. 138,885 shares of the company traded hands. Dean Foods Co. has a 12 month low of $15.69 and a 12 month high of $21.17. The firm has a market capitalization of $1.49 billion, a P/E ratio of 13.702 and a beta of 0.37. The stock’s 50-day moving average is $16.46 and its 200 day moving average is $17.50.
Dean Foods (NYSE:DF) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.02. Dean Foods had a net margin of 1.43% and a return on equity of 24.57%. The firm earned $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Equities analysts forecast that Dean Foods Co. will post $1.56 EPS for the current fiscal year.
DF has been the subject of a number of research analyst reports. Jefferies Group reiterated a “buy” rating and set a $23.00 price objective on shares of Dean Foods in a report on Wednesday, July 20th. Zacks Investment Research lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Credit Suisse Group AG reiterated a “sell” rating on shares of Dean Foods in a report on Tuesday, August 9th. Finally, TheStreet lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.62.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.
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