Lapides Asset Management LLC Takes $545,000 Position in Dean Foods Company (DF)
Lapides Asset Management LLC bought a new stake in Dean Foods Company (NYSE:DF) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,100 shares of the company’s stock, valued at approximately $545,000. Lapides Asset Management LLC owned about 0.06% of Dean Foods as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Flinton Capital Management LLC grew its stake in Dean Foods by 60.6% in the second quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock valued at $110,000 after purchasing an additional 2,432 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Dean Foods by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after purchasing an additional 686 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock valued at $121,000 after purchasing an additional 2,728 shares in the last quarter. LS Investment Advisors LLC grew its stake in Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Dean Foods by 40.7% in the second quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after purchasing an additional 2,271 shares in the last quarter. 96.57% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Dean Foods Company (NYSE DF) traded down $0.08 during midday trading on Thursday, reaching $9.68. The company’s stock had a trading volume of 1,475,900 shares, compared to its average volume of 1,700,854. The firm has a market cap of $888.86, a PE ratio of 10.61, a PEG ratio of 1.72 and a beta of 0.53. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.28 and a quick ratio of 0.93. Dean Foods Company has a 52-week low of $9.01 and a 52-week high of $22.31.
Dean Foods (NYSE:DF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. equities research analysts expect that Dean Foods Company will post 0.81 earnings per share for the current fiscal year.
The business 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 is Friday, November 17th. This represents a $0.36 annualized dividend and a yield of 3.72%. Dean Foods’s dividend payout ratio is presently 78.26%.
Several research analysts have recently commented on DF shares. Stifel Nicolaus reiterated 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. Vertical Group downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co downgraded Dean Foods from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $12.00 in a research note on Tuesday, August 8th. Morgan Stanley reduced their target price on Dean Foods from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $15.00 price target (down from $20.00) on shares of Dean Foods in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Dean Foods has a consensus rating of “Hold” and an average price target of $13.06.
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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