SG Americas Securities LLC cut its holdings in shares of Dean Foods Co (NYSE:DF) by 35.3% during the fourth quarter, HoldingsChannel reports. The firm owned 10,859 shares of the company’s stock after selling 5,919 shares during the period. SG Americas Securities LLC’s holdings in Dean Foods were worth $126,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Dean Foods by 35.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,568,319 shares of the company’s stock valued at $18,130,000 after purchasing an additional 413,402 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Dean Foods by 53.7% during the third quarter. Aperio Group LLC now owns 124,751 shares of the company’s stock valued at $1,357,000 after purchasing an additional 43,610 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Dean Foods by 942.8% during the third quarter. Schroder Investment Management Group now owns 481,324 shares of the company’s stock valued at $5,184,000 after purchasing an additional 435,168 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Dean Foods by 293.6% during the third quarter. Prudential Financial Inc. now owns 243,407 shares of the company’s stock valued at $2,648,000 after purchasing an additional 181,560 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Dean Foods during the fourth quarter valued at approximately $321,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.
In other news, SVP Jose A. Motta sold 8,733 shares of Dean Foods stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $9.28, for a total transaction of $81,042.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.
Dean Foods (NYSE:DF) last announced its earnings results on Monday, February 26th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Dean Foods had a net margin of 0.79% and a return on equity of 11.80%. Dean Foods’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. equities research analysts anticipate that Dean Foods Co will post 0.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Monday, March 19th will be paid a $0.09 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.36 annualized dividend and a yield of 3.96%. Dean Foods’s dividend payout ratio (DPR) is 53.73%.
DF has been the topic of a number of recent research reports. ValuEngine upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, January 18th. Vertical Group upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Jefferies Group reiterated a “buy” rating and set a $13.00 price objective on shares of Dean Foods in a research note on Monday, February 26th. Finally, Stephens reiterated a “hold” rating on shares of Dean Foods in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.15.
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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.
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