Bank of New York Mellon Corp lowered its stake in Dean Foods Co (NYSE:DF) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,390,067 shares of the company’s stock after selling 29,805 shares during the period. Bank of New York Mellon Corp owned approximately 1.53% of Dean Foods worth $15,125,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DF. Canada Pension Plan Investment Board bought a new position in shares of Dean Foods in the second quarter valued at $1,750,000. Arizona State Retirement System increased its holdings in shares of Dean Foods by 1.3% in the second quarter. Arizona State Retirement System now owns 38,300 shares of the company’s stock valued at $651,000 after buying an additional 500 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Dean Foods by 10.0% in the second quarter. First Trust Advisors LP now owns 106,254 shares of the company’s stock valued at $1,806,000 after buying an additional 9,701 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Dean Foods by 0.7% in the second quarter. Rhumbline Advisers now owns 188,182 shares of the company’s stock valued at $3,199,000 after buying an additional 1,289 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Dean Foods by 380.2% in the second quarter. SG Americas Securities LLC now owns 53,235 shares of the company’s stock valued at $905,000 after buying an additional 42,149 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Shares of Dean Foods Co (NYSE DF) opened at $11.55 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.93 and a current ratio of 1.28. Dean Foods Co has a one year low of $9.01 and a one year high of $22.31. The stock has a market cap of $1,053.70, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.08 and a beta of 0.59.

Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $0.37 EPS. The company’s revenue was down 1.4% on a year-over-year basis. equities research analysts anticipate that Dean Foods Co will post 0.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Friday, November 17th. Dean Foods’s dividend payout ratio is currently 78.26%.

Several analysts have issued reports on the stock. Jefferies Group set a $16.00 target price on shares of Dean Foods and gave the company a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets reissued a “market perform” rating and set a $12.00 target price (down from $15.00) on shares of Dean Foods in a research note on Wednesday, November 8th. Finally, Morgan Stanley cut their target price on shares of Dean Foods from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.06.

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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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