Victory Capital Management Inc. Buys 2,286 Shares of Dean Foods Company (DF)
Victory Capital Management Inc. grew its stake in shares of Dean Foods Company (NYSE:DF) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,578 shares of the company’s stock after purchasing an additional 2,286 shares during the quarter. Victory Capital Management Inc.’s holdings in Dean Foods were worth $520,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Virginia Retirement Systems ET AL lifted its stake in shares of Dean Foods by 18.3% during the second quarter. Virginia Retirement Systems ET AL now owns 120,200 shares of the company’s stock worth $2,043,000 after purchasing an additional 18,600 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Dean Foods by 16.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 102,540 shares of the company’s stock worth $1,743,000 after purchasing an additional 14,670 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Dean Foods during the second quarter worth about $2,661,000. Comerica Bank lifted its stake in shares of Dean Foods by 1.0% during the second quarter. Comerica Bank now owns 70,553 shares of the company’s stock worth $1,077,000 after purchasing an additional 669 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Dean Foods by 9.9% in the second quarter. Legal & General Group Plc now owns 135,822 shares of the company’s stock worth $2,314,000 after acquiring an additional 12,282 shares in the last quarter.
Shares of Dean Foods Company (NYSE:DF) opened at 11.05 on Tuesday. The company has a 50-day moving average price of $11.96 and a 200 day moving average price of $16.60. Dean Foods Company has a one year low of $10.75 and a one year high of $22.31. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.11 and a beta of 0.51.
Dean Foods (NYSE:DF) last released its quarterly earnings results 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). Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Dean Foods Company will post $0.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 21st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Thursday, August 17th. Dean Foods’s payout ratio is presently 60.00%.
Several research analysts recently commented on the company. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Dean Foods from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Credit Suisse Group reiterated 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. Finally, Morgan Stanley reiterated 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. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.40.
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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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