Dean Foods Co. (DF) Short Interest Update
Dean Foods Co. (NYSE:DF) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 15,053,854 shares, a decrease of 31.9% from the October 31st total of 22,105,881 shares. Currently, 16.9% of the company’s stock are sold short. Based on an average trading volume of 2,259,064 shares, the days-to-cover ratio is currently 6.7 days.
Several equities analysts recently commented on DF shares. Jefferies Group reissued a “buy” rating on shares of Dean Foods in a report on Wednesday, August 10th. TheStreet raised Dean Foods from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Zacks Investment Research raised Dean Foods from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, November 9th. Deutsche Bank AG reissued a “buy” rating on shares of Dean Foods in a report on Wednesday, November 2nd. Finally, DA Davidson reissued a “hold” rating on shares of Dean Foods in a report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.04.
In other news, SVP Scott K. Vopni sold 33,105 shares of the company’s stock in a transaction on 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 owns 24,509 shares of the company’s stock, valued at $484,052.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Wayne Mailloux sold 5,886 shares of the company’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $20.50, for a total value of $120,663.00. Following the sale, the director now directly owns 96,058 shares in the company, valued at approximately $1,969,189. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in Dean Foods during the second quarter valued at about $27,182,000. Vanguard Group Inc. increased its stake in 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 Dean Foods during the third quarter valued at about $20,355,000. LSV Asset Management increased its stake in 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 Dean Foods during the second quarter valued at about $20,738,000.
Shares of Dean Foods (NYSE:DF) opened at 19.86 on Thursday. The firm has a market cap of $1.80 billion, a P/E ratio of 17.22 and a beta of 0.20. Dean Foods has a 52 week low of $15.69 and a 52 week high of $21.17. The stock’s 50 day moving average is $18.24 and its 200 day moving average is $17.74.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Monday, November 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts predict that Dean Foods will post $1.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 21st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, November 17th. Dean Foods’s dividend payout ratio (DPR) is 31.30%.
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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