Gotham Asset Management LLC grew its stake in shares of Dean Foods Company (NYSE:DF) by 20.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,687 shares of the company’s stock after acquiring an additional 23,219 shares during the period. Gotham Asset Management LLC owned about 0.15% of Dean Foods worth $2,290,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC raised its stake in shares of Dean Foods by 60.6% during the second quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock valued at $110,000 after acquiring an additional 2,432 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Dean Foods by 1.6% during the second quarter. Royal Bank of Canada now owns 248,005 shares of the company’s stock valued at $4,216,000 after acquiring an additional 4,004 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Dean Foods by 14.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,616,701 shares of the company’s stock valued at $27,484,000 after acquiring an additional 204,445 shares in the last quarter. QS Investors LLC raised its stake in shares of Dean Foods by 5.7% during the second quarter. QS Investors LLC now owns 345,283 shares of the company’s stock valued at $5,870,000 after acquiring an additional 18,733 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Dean Foods during the second quarter valued at approximately $364,000.
Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Credit Suisse Group reaffirmed an “underperform” rating and set a $14.00 price target (down previously from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an “underweight” rating and set a $15.00 price target (down previously from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Finally, Sanford C. Bernstein downgraded shares of Dean Foods from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $18.00 to $13.00 in a research note on Thursday, July 27th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.67.
Dean Foods Company (NYSE DF) opened at 10.66 on Friday. The company has a 50-day moving average of $10.86 and a 200-day moving average of $15.53. Dean Foods Company has a 52 week low of $10.30 and a 52 week high of $22.31. The company has a market cap of $969.15 million, a P/E ratio of 17.48 and a beta of 0.51.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Dean Foods Company will post $0.81 EPS for the current year.
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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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