New York State Common Retirement Fund reduced its holdings in Dean Foods Company (NYSE:DF) by 21.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 409,775 shares of the company’s stock after selling 110,602 shares during the period. New York State Common Retirement Fund owned approximately 0.45% of Dean Foods worth $6,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in shares of Dean Foods in the second quarter worth about $2,661,000. BlackRock Inc. lifted its stake in shares of Dean Foods by 1.2% in the second quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after buying an additional 129,537 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new position in Dean Foods during the second quarter worth about $172,000. American Century Companies Inc. raised its stake in Dean Foods by 18.9% during the second quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock worth $45,776,000 after purchasing an additional 427,929 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in Dean Foods by 21.8% during the first quarter. Tudor Investment Corp ET AL now owns 29,973 shares of the company’s stock worth $589,000 after purchasing an additional 5,359 shares during the period.

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DF has been the topic of a number of analyst reports. Wells Fargo & Company downgraded shares of Dean Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $25.00 to $12.00 in a research note on Wednesday, August 9th. Sanford C. Bernstein downgraded shares of Dean Foods from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $18.00 to $13.00 in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reduced their target price on shares of Dean Foods from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Finally, Stephens downgraded shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Dean Foods (NYSE:DF) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.38 earnings per share.

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.

Institutional Ownership by Quarter for Dean Foods (NYSE:DF)

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