Jefferies Group Weighs in on Dean Foods’ FY2018 Earnings (NYSE:DF)

Dean Foods (NYSE:DF) – Investment analysts at Jefferies Group increased their FY2018 EPS estimates for shares of Dean Foods in a research report issued on Thursday, May 10th, Zacks Investment Research reports. Jefferies Group analyst A. Jagdale now anticipates that the company will earn $0.67 per share for the year, up from their prior estimate of $0.64. Jefferies Group currently has a “Buy” rating and a $13.00 price target on the stock. Jefferies Group also issued estimates for Dean Foods’ Q4 2018 earnings at $0.24 EPS and Q4 2019 earnings at $0.30 EPS.

Dean Foods (NYSE:DF) last released its earnings results on Tuesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Dean Foods had a return on equity of 11.68% and a net margin of 0.91%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s revenue was down .8% on a year-over-year basis.



A number of other equities analysts also recently commented on DF. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. ValuEngine downgraded shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Deutsche Bank downgraded shares of Dean Foods from a “hold” rating to a “sell” rating and set a $9.00 target price for the company. in a research note on Monday, May 14th. Stifel Nicolaus cut their target price on shares of Dean Foods from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $10.00 target price (down from $12.00) on shares of Dean Foods in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.54.

Dean Foods stock opened at $9.79 on Monday. Dean Foods has a one year low of $8.14 and a one year high of $18.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.60 and a quick ratio of 1.14. The stock has a market cap of $918.93 million, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.21 and a beta of 0.43.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Dean Foods by 14.9% during the first quarter. BlackRock Inc. now owns 13,049,006 shares of the company’s stock worth $112,482,000 after purchasing an additional 1,692,082 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Dean Foods by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,040,038 shares of the company’s stock worth $60,685,000 after purchasing an additional 1,046,391 shares during the period. Renaissance Technologies LLC increased its stake in Dean Foods by 18.0% in the fourth quarter. Renaissance Technologies LLC now owns 3,460,000 shares of the company’s stock valued at $39,998,000 after acquiring an additional 528,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Dean Foods by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,715,168 shares of the company’s stock valued at $14,785,000 after acquiring an additional 146,849 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Dean Foods by 15.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,604,816 shares of the company’s stock valued at $18,551,000 after acquiring an additional 214,749 shares during the last quarter. 82.20% of the stock is currently owned by institutional investors.

In related news, major shareholder Value Vals Ag Vv acquired 15,287 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $156,691.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jose A. Motta sold 8,733 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $9.28, for a total transaction of $81,042.24. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, May 21st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $0.36 annualized dividend and a yield of 3.68%. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.

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.

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