Dean Foods Co (DF) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its position in shares of Dean Foods Co (NYSE:DF) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 284,599 shares of the company’s stock after selling 4,606 shares during the period. Nationwide Fund Advisors owned approximately 0.31% of Dean Foods worth $5,595,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Kalos Management Inc. increased its stake in shares of Dean Foods by 11.2% in the third quarter. Kalos Management Inc. now owns 74,510 shares of the company’s stock worth $1,222,000 after buying an additional 7,477 shares during the last quarter. Phocas Financial Corp. increased its stake in shares of Dean Foods by 6.6% in the third quarter. Phocas Financial Corp. now owns 249,781 shares of the company’s stock worth $4,096,000 after buying an additional 15,384 shares during the last quarter. Usca Ria LLC acquired a new stake in shares of Dean Foods during the third quarter worth $1,346,000. Gotham Asset Management LLC acquired a new stake in shares of Dean Foods during the third quarter worth $8,503,000. Finally, Analytic Investors LLC increased its stake in shares of Dean Foods by 66.1% in the third quarter. Analytic Investors LLC now owns 199,441 shares of the company’s stock worth $3,271,000 after buying an additional 79,371 shares during the last quarter.
Shares of Dean Foods Co (NYSE:DF) opened at 18.10 on Friday. Dean Foods Co has a 12-month low of $15.69 and a 12-month high of $22.31. The firm has a market cap of $1.64 billion, a P/E ratio of 23.42 and a beta of 0.28. The firm’s 50-day moving average price is $19.41 and its 200 day moving average price is $19.71.
Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.45 EPS. Dean Foods’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Dean Foods Co will post $1.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 22nd will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 18th. Dean Foods’s dividend payout ratio (DPR) is currently 31.30%.
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A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of Dean Foods from an “outperform” rating to a “market perform” rating and upped their price target for the company from $21.31 to $22.00 in a report on Thursday, January 19th. Jefferies Group LLC reissued a “buy” rating and issued a $24.00 price target on shares of Dean Foods in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Dean Foods from a “hold” rating to a “strong sell” rating in a report on Friday, January 20th. TheStreet downgraded shares of Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, Morgan Stanley raised shares of Dean Foods from a “neutral” rating to an “overweight” rating in a report on Friday, March 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.67.
In other Dean Foods news, Director J Wayne Mailloux sold 3,033 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $18.50, for a total transaction of $56,110.50. Following the transaction, the director now owns 105,073 shares in the company, valued at $1,943,850.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 9,099 shares of company stock worth $174,428. Company insiders own 2.30% of the company’s stock.
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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