Marshall Wace North America L.P. Acquires New Stake in Dean Foods Company (DF)
Marshall Wace North America L.P. acquired a new stake in shares of Dean Foods Company (NYSE:DF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 156,518 shares of the company’s stock, valued at approximately $2,661,000. Marshall Wace North America L.P. owned about 0.17% of Dean Foods at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of 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 last quarter. American Century Companies Inc. boosted its stake in shares of 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 last quarter. Point72 Asset Management L.P. boosted its stake in shares of 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 last quarter. FMR LLC boosted its stake in shares of 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 last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Dean Foods by 113.9% in the first quarter. First Eagle Investment Management LLC now owns 1,260,380 shares of the company’s stock worth $24,779,000 after buying an additional 671,195 shares during the last quarter.
Shares of Dean Foods Company (DF) opened at 10.99 on Friday. The stock has a market cap of $999.16 million, a P/E ratio of 18.02 and a beta of 0.53. The company has a 50 day moving average of $13.21 and a 200 day moving average of $17.18. Dean Foods Company has a 12 month low of $10.75 and a 12 month high of $22.31.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.09. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts expect that Dean Foods Company will post $0.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 21st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, August 17th. Dean Foods’s dividend payout ratio is currently 60.00%.
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A number of analysts recently weighed in on DF shares. Morgan Stanley restated an “underweight” rating and set a $15.00 target price (down from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Wells Fargo & Company restated an “outperform” rating and set a $25.00 target price (up from $24.50) on shares of Dean Foods in a report on Monday, May 15th. Credit Suisse Group restated an “underperform” rating and set a $14.00 target price (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Dean Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $20.00 target price on shares of Dean Foods and gave the stock a “buy” rating in a report on Saturday, July 29th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.40.
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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