Dean Foods Co (NYSE:DF) saw unusually large options trading activity on Monday. Traders purchased 12,377 call options on the company. This is an increase of approximately 2,805% compared to the average volume of 426 call options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DF. Legal & General Group Plc raised its stake in Dean Foods by 83.3% during the 1st quarter. Legal & General Group Plc now owns 259,606 shares of the company’s stock worth $2,238,000 after acquiring an additional 117,959 shares during the period. Principal Financial Group Inc. raised its position in shares of Dean Foods by 85.9% during the first quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock valued at $6,237,000 after buying an additional 334,401 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Dean Foods during the second quarter valued at approximately $162,000. Municipal Employees Retirement System of Michigan raised its position in shares of Dean Foods by 198.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 108,600 shares of the company’s stock valued at $1,142,000 after buying an additional 72,190 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Dean Foods during the second quarter valued at approximately $516,000. Institutional investors own 85.54% of the company’s stock.

NYSE DF opened at $6.00 on Wednesday. Dean Foods has a 12 month low of $5.62 and a 12 month high of $12.09. The company has a market cap of $546.58 million, a price-to-earnings ratio of 7.50 and a beta of 0.02. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 1.52.

Dean Foods (NYSE:DF) last released its earnings results on Wednesday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the business posted $0.20 EPS. Dean Foods’s revenue was down 2.3% on a year-over-year basis. As a group, analysts expect that Dean Foods will post -0.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 19th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, November 16th. Dean Foods’s payout ratio is 45.00%.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Dean Foods from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $9.00 to $6.00 in a report on Friday, August 17th. Deutsche Bank set a $5.00 price objective on shares of Dean Foods and gave the stock a “hold” rating in a report on Wednesday, November 7th. ValuEngine downgraded shares of Dean Foods from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Credit Suisse Group dropped their price objective on shares of Dean Foods from $7.00 to $4.00 and set a “sell” rating on the stock in a report on Thursday, November 8th. Finally, Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.56.

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About Dean Foods

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.

Further Reading: Rule of 72

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