Dean Foods Company (DF) Position Held by Suntrust Banks Inc.
Suntrust Banks Inc. continued to hold its stake in Dean Foods Company (NYSE:DF) during the second quarter, according to its most recent filing with the SEC. The firm owned 16,661 shares of the company’s stock at the end of the second quarter. Suntrust Banks Inc.’s holdings in Dean Foods were worth $283,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in DF. BlackRock Inc. boosted its holdings in Dean Foods by 12,150.7% during the 1st quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock valued at $221,271,000 after acquiring an additional 11,162,988 shares during the period. FMR LLC boosted its holdings in Dean Foods by 56.2% during the 2nd quarter. FMR LLC now owns 2,998,781 shares of the company’s stock valued at $50,979,000 after acquiring an additional 1,079,205 shares during the period. Point72 Asset Management L.P. boosted its holdings in Dean Foods by 672.6% during the 1st quarter. Point72 Asset Management L.P. now owns 1,158,942 shares of the company’s stock valued at $22,785,000 after acquiring an additional 1,008,942 shares during the period. Renaissance Technologies LLC boosted its holdings in Dean Foods by 45.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,719,950 shares of the company’s stock valued at $33,814,000 after acquiring an additional 537,900 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Dean Foods by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock valued at $226,260,000 after acquiring an additional 536,720 shares during the period.
A number of equities analysts recently commented on the company. Vertical Research cut Dean Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co cut Dean Foods from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $12.00 in a report on Tuesday, August 8th. Jefferies Group LLC lowered their target price on Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 10th. 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. Finally, Wells Fargo & Company cut Dean Foods from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $25.00 to $12.00 in a report on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.67.
Dean Foods Company (DF) opened at 10.56 on Tuesday. The stock has a market cap of $960.06 million, a PE ratio of 17.31 and a beta of 0.51. The stock has a 50 day moving average price of $10.86 and a 200 day moving average price of $15.50. Dean Foods Company has a 52 week low of $10.30 and a 52 week high of $22.31.
Dean Foods (NYSE:DF) last issued its earnings results 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). Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The company 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 earned $0.38 EPS. Dean Foods’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Dean Foods Company will post $0.81 earnings per share for the current year.
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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