Canada Pension Plan Investment Board Has $7.82 Million Holdings in Dean Foods Company (DF)
Canada Pension Plan Investment Board boosted its stake in shares of Dean Foods Company (NYSE:DF) by 597.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 718,335 shares of the company’s stock after purchasing an additional 615,400 shares during the period. Canada Pension Plan Investment Board owned approximately 0.79% of Dean Foods worth $7,815,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its position in Dean Foods by 1.2% during the 2nd quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after purchasing an additional 129,537 shares during the period. Dimensional Fund Advisors LP grew its position in Dean Foods by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,919,927 shares of the company’s stock worth $83,640,000 after purchasing an additional 156,044 shares during the period. State Street Corp boosted its stake in shares of Dean Foods by 2.0% during the 2nd quarter. State Street Corp now owns 3,251,809 shares of the company’s stock worth $55,278,000 after acquiring an additional 62,555 shares in the last quarter. FMR LLC boosted its stake in shares of Dean Foods by 56.2% during the 2nd quarter. FMR LLC now owns 2,998,781 shares of the company’s stock worth $50,979,000 after acquiring an additional 1,079,205 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Dean Foods by 10.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,724,274 shares of the company’s stock worth $46,313,000 after acquiring an additional 259,880 shares in the last quarter. 96.57% of the stock is currently owned by institutional investors.
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DF has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $13.00 target price (down from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Jefferies Group LLC set a $20.00 target price on shares of Dean Foods and gave the stock a “buy” rating in a research note on Saturday, July 29th. ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Stephens lowered 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. Finally, Zacks Investment Research raised shares of Dean Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Three 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’s stock. The stock has an average rating of “Hold” and an average price target of $13.06.
Dean Foods Company (NYSE:DF) opened at $9.53 on Monday. The firm has a market cap of $867.91, a PE ratio of 10.36, a P/E/G ratio of 1.68 and a beta of 0.53. Dean Foods Company has a 12 month low of $9.01 and a 12 month high of $22.31. The company has a quick ratio of 0.93, a current ratio of 1.28 and a debt-to-equity ratio of 1.33.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. Dean Foods’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. equities analysts anticipate that Dean Foods Company will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 3.78%. Dean Foods’s payout ratio is 78.26%.
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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