Riverhead Capital Management LLC Has $121,000 Stake in Dean Foods Company (DF)
Riverhead Capital Management LLC lifted its position in shares of Dean Foods Company (NYSE:DF) by 62.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,128 shares of the company’s stock after purchasing an additional 2,728 shares during the period. Riverhead Capital Management LLC’s holdings in Dean Foods were worth $121,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dean Foods by 4.9% in the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after buying an additional 536,720 shares during the period. BlackRock Inc. lifted its holdings 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. Dimensional Fund Advisors LP lifted its holdings in Dean Foods by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,763,883 shares of the company’s stock worth $93,658,000 after buying an additional 339,447 shares during the period. American Century Companies Inc. lifted its holdings in Dean Foods by 18.9% in the second quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock worth $45,776,000 after buying an additional 427,929 shares during the period. Finally, FMR LLC lifted its holdings 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.
Dean Foods Company (NYSE DF) opened at 11.01 on Friday. The stock’s 50 day moving average is $10.99 and its 200 day moving average is $15.91. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.05 and a beta of 0.51. Dean Foods Company has a 12-month low of $10.30 and a 12-month high of $22.31.
Dean Foods (NYSE:DF) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.09). Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $0.38 EPS. Dean Foods’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts predict that Dean Foods Company will post $0.81 earnings per share for the current fiscal year.
Several analysts have commented on the stock. BidaskClub upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Credit Suisse Group AG restated an “underperform” rating and issued a $14.00 price objective (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “underweight” rating and issued a $15.00 price objective (down from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Finally, Sanford C. Bernstein lowered shares of Dean Foods from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $18.00 to $13.00 in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.67.
Dean Foods 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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