Dean Foods Co. (NYSE:DF) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.67.
DF has been the subject of several recent analyst reports. Jefferies Group restated a “buy” rating and set a $23.00 target price on shares of Dean Foods in a research note on Wednesday, July 20th. Zacks Investment Research downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Credit Suisse Group AG restated a “sell” rating on shares of Dean Foods in a research note on Tuesday, August 9th. Finally, TheStreet downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th.
Shares of Dean Foods (NYSE:DF) opened at 16.73 on Friday. The stock has a 50 day moving average price of $16.45 and a 200 day moving average price of $17.49. Dean Foods has a 12-month low of $15.69 and a 12-month high of $21.17. The stock has a market capitalization of $1.51 billion, a P/E ratio of 13.87 and a beta of 0.36.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Monday, August 8th. The company reported $0.38 EPS for the quarter, missing the 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 company earned $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Dean Foods will post $1.56 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of DF. State Street Corp increased its position in shares of Dean Foods by 3.2% in the first quarter. State Street Corp now owns 3,221,414 shares of the company’s stock worth $55,796,000 after buying an additional 101,210 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Dean Foods by 125.6% in the first quarter. UBS Asset Management Americas Inc. now owns 655,153 shares of the company’s stock worth $11,347,000 after buying an additional 364,729 shares during the period. Ropes Wealth Advisors LLC acquired a new stake in Dean Foods during the second quarter worth $172,000. Bank of Montreal Can acquired a new stake in Dean Foods during the second quarter worth $6,736,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in Dean Foods during the second quarter worth $988,000.
About Dean Foods
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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