Dean Foods (DF) Trading 5.7% Higher

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Shares of Dean Foods Co (NYSE:DF) traded up 5.7% during trading on Friday . The stock traded as high as $4.73 and last traded at $4.64. 1,409,069 shares were traded during mid-day trading, an increase of 2% from the average session volume of 1,377,867 shares. The stock had previously closed at $4.39.

Several analysts have commented on the stock. ValuEngine lowered shares of Dean Foods from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Jefferies Financial Group lowered shares of Dean Foods from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.00 to $6.00 in a report on Thursday, November 8th. Deutsche Bank set a $5.00 price objective on shares of Dean Foods and gave the stock a “hold” rating in a report on Wednesday, November 7th. Finally, Credit Suisse Group lowered their price objective on shares of Dean Foods from $7.00 to $4.00 and set a “sell” rating for the company in a report on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.56.

The company has a market cap of $418.61 million, a price-to-earnings ratio of 5.80 and a beta of 0.37. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 1.52.

Dean Foods (NYSE:DF) last announced its earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). Dean Foods had a negative net margin of 0.19% and a positive return on equity of 4.01%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.20 EPS. Dean Foods’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts predict that Dean Foods Co will post -0.24 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in DF. GSA Capital Partners LLP bought a new stake in shares of Dean Foods during the third quarter valued at approximately $109,000. Bank of Montreal Can increased its position in shares of Dean Foods by 92.7% during the third quarter. Bank of Montreal Can now owns 25,891 shares of the company’s stock valued at $183,000 after acquiring an additional 12,452 shares in the last quarter. Jane Street Group LLC increased its position in shares of Dean Foods by 276.6% during the second quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock valued at $187,000 after acquiring an additional 27,935 shares in the last quarter. Virtu Financial LLC increased its position in shares of Dean Foods by 294.4% during the fourth quarter. Virtu Financial LLC now owns 50,666 shares of the company’s stock valued at $193,000 after acquiring an additional 37,821 shares in the last quarter. Finally, Ridgewood Investments LLC increased its position in shares of Dean Foods by 26.8% during the third quarter. Ridgewood Investments LLC now owns 31,356 shares of the company’s stock valued at $223,000 after acquiring an additional 6,637 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

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Dean Foods Company Profile (NYSE:DF)

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.

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