JPMorgan Chase & Co. upgraded shares of Dean Foods Co (NYSE:DF) from a neutral rating to an overweight rating in a research note issued to investors on Friday morning. The firm currently has $22.00 price objective on the stock.
A number of other equities analysts have also weighed in on the stock. Vertical Research upgraded shares of Dean Foods from a hold rating to a buy rating in a research report on Tuesday, February 28th. Zacks Investment Research lowered shares of Dean Foods from a hold rating to a strong sell rating in a research report on Friday, January 20th. Sanford C. Bernstein lowered shares of Dean Foods from an outperform rating to a market perform rating and boosted their price target for the stock from $21.31 to $22.00 in a research report on Thursday, January 19th. Finally, KeyCorp began coverage on shares of Dean Foods in a research report on Thursday, December 1st. They set a sector weight rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Dean Foods has an average rating of Hold and a consensus price target of $21.29.
Shares of Dean Foods (NYSE:DF) traded down 0.10% during trading on Friday, reaching $19.29. 605,945 shares of the company’s stock were exchanged. The company has a 50 day moving average of $19.11 and a 200 day moving average of $18.83. The stock has a market cap of $1.75 billion, a P/E ratio of 14.70 and a beta of 0.28. Dean Foods has a 12-month low of $15.69 and a 12-month high of $22.31.
Dean Foods (NYSE:DF) last posted its quarterly earnings results on Thursday, February 16th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that Dean Foods will post $1.40 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Monday, March 20th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.36 annualized dividend and a yield of 1.86%. Dean Foods’s payout ratio is 31.30%.
In other Dean Foods news, Director J Wayne Mailloux sold 3,033 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $18.50, for a total value of $56,110.50. Following the transaction, the director now directly owns 105,073 shares in the company, valued at approximately $1,943,850.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Dean Foods during the fourth quarter worth about $29,200,000. Numeric Investors LLC bought a new stake in Dean Foods during the fourth quarter worth about $7,142,000. Thrivent Financial for Lutherans increased its stake in Dean Foods by 9.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,480 shares of the company’s stock worth $337,000 after buying an additional 1,340 shares during the period. Independent Advisor Alliance bought a new stake in Dean Foods during the fourth quarter worth about $205,000. Finally, Guggenheim Capital LLC increased its stake in Dean Foods by 77.1% in the fourth quarter. Guggenheim Capital LLC now owns 597,704 shares of the company’s stock worth $13,018,000 after buying an additional 260,151 shares during the period.
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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