Cape Cod Five Cents Savings Bank reduced its position in Dean Foods Co (NYSE:DF) by 25.9% during the first quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the company’s stock after selling 3,500 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Dean Foods were worth $196,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Dean Foods by 1.6% in the third quarter. Teachers Advisors LLC now owns 1,342,777 shares of the company’s stock worth $22,022,000 after buying an additional 21,749 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Dean Foods by 4.9% in the third quarter. BlackRock Fund Advisors now owns 4,782,891 shares of the company’s stock worth $78,439,000 after buying an additional 223,112 shares in the last quarter. BlackRock Inc. increased its position in shares of Dean Foods by 50.8% in the third quarter. BlackRock Inc. now owns 119,032 shares of the company’s stock worth $1,953,000 after buying an additional 40,082 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Dean Foods by 91.1% in the third quarter. BlackRock Advisors LLC now owns 465,050 shares of the company’s stock worth $7,627,000 after buying an additional 221,652 shares in the last quarter. Finally, BlackRock Japan Co. Ltd increased its position in shares of Dean Foods by 158.0% in the third quarter. BlackRock Japan Co. Ltd now owns 7,735 shares of the company’s stock worth $127,000 after buying an additional 4,737 shares in the last quarter.
Dean Foods Co (NYSE:DF) traded down 1.05% during trading on Friday, hitting $19.74. 1,076,260 shares of the stock were exchanged. The stock has a market cap of $1.79 billion, a P/E ratio of 15.05 and a beta of 0.28. Dean Foods Co has a 12 month low of $15.69 and a 12 month high of $22.31. The stock’s 50 day moving average price is $19.10 and its 200 day moving average price is $19.32.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Thursday, February 16th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.41 by $0.03. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The business earned $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts forecast that Dean Foods Co will post $1.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Monday, March 20th were given a $0.09 dividend. The ex-dividend date was Thursday, March 16th. This represents a $0.36 annualized dividend and a yield of 1.82%. Dean Foods’s dividend payout ratio (DPR) is 31.30%.
A number of brokerages have commented on DF. Sanford C. Bernstein downgraded shares of Dean Foods from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $21.31 to $22.00 in a research note on Thursday, January 19th. Zacks Investment Research downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Morgan Stanley upgraded shares of Dean Foods from a “neutral” rating to an “overweight” rating in a research note on Friday, March 17th. JPMorgan Chase & Co. upgraded shares of Dean Foods from a “neutral” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Friday, March 17th. Finally, Vertical Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.00.
In related news, Director J Wayne Mailloux sold 3,033 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $19.70, for a total value of $59,750.10. Following the completion of the sale, the director now owns 104,450 shares in the company, valued at approximately $2,057,665. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.
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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