Brokerages Set Dean Foods Co. (DF) Price Target at $21.20
Shares of Dean Foods Co. (NYSE:DF) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.20.
DF has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Dean Foods in a research note on Wednesday, November 2nd. Jefferies Group reiterated a “buy” rating on shares of Dean Foods in a research note on Wednesday, August 10th. Zacks Investment Research upgraded Dean Foods from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, November 9th. Credit Suisse Group AG reiterated 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.
In other Dean Foods news, SVP Scott K. Vopni sold 33,105 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $19.75, for a total transaction of $653,823.75. Following the sale, the senior vice president now directly owns 24,509 shares of the company’s stock, valued at $484,052.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Wayne Mailloux sold 5,886 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $20.00, for a total value of $117,720.00. Following the sale, the director now directly owns 101,944 shares in the company, valued at $2,038,880. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
A number of large investors have recently bought and sold shares of DF. Emerald Acquisition Ltd. acquired a new stake in Dean Foods during the second quarter worth approximately $27,182,000. Vanguard Group Inc. boosted its stake in shares of Dean Foods by 13.9% in the second quarter. Vanguard Group Inc. now owns 11,286,020 shares of the company’s stock valued at $204,164,000 after buying an additional 1,377,851 shares during the period. Cambiar Investors LLC purchased a new stake in shares of Dean Foods during the third quarter valued at about $20,355,000. LSV Asset Management boosted its stake in shares of Dean Foods by 30.3% in the second quarter. LSV Asset Management now owns 4,992,744 shares of the company’s stock valued at $90,318,000 after buying an additional 1,162,144 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Dean Foods during the second quarter valued at about $20,738,000.
Shares of Dean Foods (NYSE:DF) opened at 20.03 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.37 and a beta of 0.20. The company’s 50 day moving average price is $17.77 and its 200-day moving average price is $17.69. Dean Foods has a 1-year low of $15.69 and a 1-year high of $21.17.
Dean Foods (NYSE:DF) last issued its earnings results on Monday, November 7th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the business posted $0.30 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that Dean Foods will post $1.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 21st will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 1.80%. Dean Foods’s dividend payout ratio is presently 31.30%.
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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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