Dean Foods Company (DF) Position Decreased by First Eagle Investment Management LLC
First Eagle Investment Management LLC reduced its position in shares of Dean Foods Company (NYSE:DF) by 74.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,785 shares of the company’s stock after selling 944,595 shares during the period. First Eagle Investment Management LLC owned 0.35% of Dean Foods worth $5,368,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Dean Foods by 12,150.7% in the first quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock worth $221,271,000 after buying an additional 11,162,988 shares during the period. American Century Companies Inc. increased its position in Dean Foods by 474.7% in the first quarter. American Century Companies Inc. now owns 2,264,750 shares of the company’s stock worth $44,525,000 after buying an additional 1,870,672 shares during the period. Point72 Asset Management L.P. increased its position in Dean Foods by 672.6% in the first quarter. Point72 Asset Management L.P. now owns 1,158,942 shares of the company’s stock worth $22,785,000 after buying an additional 1,008,942 shares during the period. FMR LLC increased its position in Dean Foods by 87.9% in the first quarter. FMR LLC now owns 1,919,576 shares of the company’s stock worth $37,739,000 after buying an additional 897,824 shares during the period. Finally, Renaissance Technologies LLC increased its position in Dean Foods by 45.5% in the first quarter. Renaissance Technologies LLC now owns 1,719,950 shares of the company’s stock worth $33,814,000 after buying an additional 537,900 shares during the period.
Shares of Dean Foods Company (NYSE DF) opened at 11.79 on Monday. The stock has a 50 day moving average of $14.56 and a 200 day moving average of $17.82. Dean Foods Company has a 1-year low of $11.19 and a 1-year high of $22.31. The firm has a market cap of $1.07 billion, a PE ratio of 19.33 and a beta of 0.54.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by $0.09. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. Equities research analysts anticipate that Dean Foods Company will post $0.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 21st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. Dean Foods’s dividend payout ratio is currently 60.00%.
A number of research analysts recently commented on DF shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $15.00 target price (down from $18.00) on shares of Dean Foods in a research report on Tuesday, July 18th. Wells Fargo & Company reiterated an “outperform” rating and set a $25.00 price target (up previously from $24.50) on shares of Dean Foods in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research note on Monday, April 24th. Credit Suisse Group reiterated an “underperform” rating and set a $14.00 price target (down previously from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $24.00 price target on shares of Dean Foods in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.40.
About Dean Foods
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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