Dean Foods Company (DF) Shares Sold by Ajo LP
Ajo LP decreased its position in shares of Dean Foods Company (NYSE:DF) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,104,533 shares of the company’s stock after selling 1,517,099 shares during the period. Ajo LP owned 5.62% of Dean Foods worth $86,777,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Dean Foods by 13.8% during 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. LS Investment Advisors LLC increased its position in Dean Foods by 17.5% during 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 during the period. Nine Chapters Capital Management LLC acquired a new position in Dean Foods during the second quarter worth approximately $172,000. Jane Street Group LLC increased its position in Dean Foods by 6.4% during 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 during the period. Finally, Public Employees Retirement System of Ohio increased its position in Dean Foods by 12.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,561 shares of the company’s stock worth $208,000 after buying an additional 1,145 shares during the period.
DF has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an “outperform” rating and set a $25.00 price target (up previously from $24.50) on shares of Dean Foods in a research report on Monday, May 15th. Zacks Investment Research lowered Dean Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. ValuEngine lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $14.00 price target (down previously from $18.00) on shares of Dean Foods in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.40.
Shares of Dean Foods Company (NYSE DF) opened at 11.16 on Tuesday. Dean Foods Company has a 1-year low of $10.74 and a 1-year high of $22.31. The stock has a market capitalization of $1.01 billion, a P/E ratio of 18.30 and a beta of 0.51. The company has a 50 day moving average price of $12.59 and a 200-day moving average price of $16.90.
Dean Foods (NYSE:DF) last posted its 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. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Dean Foods Company will post $0.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 21st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, August 17th. Dean Foods’s dividend payout ratio is currently 60.00%.
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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