Adams Diversified Equity Fund Inc. Sells 7,200 Shares of Dean Foods Company (DF)
Adams Diversified Equity Fund Inc. reduced its position in shares of Dean Foods Company (NYSE:DF) by 15.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,800 shares of the company’s stock after selling 7,200 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Dean Foods were worth $660,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Dean Foods by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $111,000 after buying an additional 686 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Dean Foods by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock valued at $120,000 after buying an additional 145 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after buying an additional 1,081 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Dean Foods by 6.4% in the first quarter. Jane Street Group LLC now owns 10,321 shares of the company’s stock valued at $203,000 after buying an additional 621 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in shares of Dean Foods during the first quarter valued at approximately $207,000.
Shares of Dean Foods Company (NYSE DF) opened at 14.88 on Monday. The stock has a market cap of $1.35 billion, a P/E ratio of 19.25 and a beta of 0.54. The firm’s 50-day moving average price is $16.45 and its 200 day moving average price is $18.47. Dean Foods Company has a one year low of $14.65 and a one year high of $22.31.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Dean Foods had a net margin of 0.91% and a return on equity of 19.34%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Equities research analysts expect that Dean Foods Company will post $1.29 EPS for the current fiscal year.
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Several analysts recently commented on the company. Jefferies Group LLC set a $20.00 price target on Dean Foods and gave the stock a “buy” rating in a research report on Saturday, July 29th. Zacks Investment Research raised Dean Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Sanford C. Bernstein lowered Dean Foods from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $18.00 to $13.00 in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an “underweight” rating and issued a $15.00 price target (down previously from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $14.00 price target (down previously from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.71.
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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