Dean Foods Company (NYSE:DF) announced its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.09, Bloomberg Earnings reports. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.38 EPS.
Shares of Dean Foods (NYSE:DF) opened at 11.79 on Friday. The firm has a market capitalization of $1.07 billion, a PE ratio of 19.33 and a beta of 0.54. The company has a 50-day moving average price of $14.56 and a 200 day moving average price of $17.82. Dean Foods has a 12-month low of $11.19 and a 12-month high of $22.31.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 21st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, August 17th. Dean Foods’s payout ratio is 60.00%.
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A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Dean Foods by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 11,278 shares of the company’s stock worth $192,000 after buying an additional 717 shares during the period. Sterling Capital Management LLC raised its stake in shares of Dean Foods by 55.2% in the second quarter. Sterling Capital Management LLC now owns 59,601 shares of the company’s stock worth $1,013,000 after buying an additional 21,202 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Dean Foods by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 199,799 shares of the company’s stock worth $3,397,000 after buying an additional 1,165 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Dean Foods by 8,856.5% in the second quarter. Cubist Systematic Strategies LLC now owns 48,813 shares of the company’s stock worth $830,000 after buying an additional 48,268 shares during the period. Finally, State Street Corp raised its position in shares of Dean Foods by 2.0% in the second quarter. State Street Corp now owns 3,251,809 shares of the company’s stock worth $55,278,000 after buying an additional 62,555 shares during the period.
Several brokerages have issued reports on DF. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price (down previously from $17.00) on shares of Dean Foods in a research report on Thursday, August 10th. Vertical Group cut Dean Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co cut Dean Foods from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research report on Tuesday, August 8th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price objective (down previously from $20.00) on shares of Dean Foods in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC lowered their price objective on Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.40.
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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