Virginia Retirement Systems ET AL Raises Stake in Dean Foods Company (DF)
Virginia Retirement Systems ET AL raised its position in Dean Foods Company (NYSE:DF) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,200 shares of the company’s stock after buying an additional 18,600 shares during the period. Virginia Retirement Systems ET AL owned about 0.13% of Dean Foods worth $2,043,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position 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 in the last quarter. LS Investment Advisors LLC increased its position in Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after buying an additional 1,081 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new position in Dean Foods during the second quarter worth approximately $172,000. ING Groep NV acquired a new position in Dean Foods during the second quarter worth approximately $188,000. Finally, Jane Street Group LLC increased its position in Dean Foods by 6.4% in the first quarter. Jane Street Group LLC now owns 10,321 shares of the company’s stock worth $203,000 after buying an additional 621 shares in the last quarter.
Shares of Dean Foods Company (DF) opened at 10.94 on Thursday. Dean Foods Company has a 1-year low of $10.82 and a 1-year high of $22.31. The firm has a 50-day moving average price of $13.87 and a 200-day moving average price of $17.51. The company has a market capitalization of $994.61 million, a PE ratio of 17.93 and a beta of 0.54.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. Equities analysts anticipate that Dean Foods Company will post $0.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 21st were given a dividend of $0.09 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a yield of 3.29%. Dean Foods’s dividend payout ratio is currently 60.00%.
A number of equities analysts have commented on the stock. TheStreet downgraded shares of Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Jefferies Group LLC set a $20.00 price objective on shares of Dean Foods and gave the stock a “buy” rating in a report on Saturday, July 29th. Zacks Investment Research downgraded shares of Dean Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. BidaskClub downgraded shares of Dean Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average 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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