Virginia Retirement Systems ET AL purchased a new position in shares of Dean Foods Co. (NYSE:DF) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,900 shares of the company’s stock, valued at approximately $414,000.
Several other large investors also recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in shares of Dean Foods by 0.6% in the first quarter. Aperio Group LLC now owns 41,356 shares of the company’s stock valued at $716,000 after buying an additional 245 shares during the last quarter. Virginia Retirement System acquired a new stake in shares of Dean Foods during the first quarter valued at approximately $397,000. Teachers Advisors Inc. raised its stake in shares of Dean Foods by 58.0% in the first quarter. Teachers Advisors Inc. now owns 1,324,921 shares of the company’s stock valued at $22,948,000 after buying an additional 486,559 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Dean Foods by 105.3% in the first quarter. Prudential Financial Inc. now owns 320,217 shares of the company’s stock valued at $5,546,000 after buying an additional 164,240 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Dean Foods by 2.1% in the first quarter. BlackRock Inc. now owns 37,260 shares of the company’s stock valued at $646,000 after buying an additional 776 shares during the last quarter.
Shares of Dean Foods Co. (NYSE:DF) opened at 16.23 on Friday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 13.46 and a beta of 0.36. Dean Foods Co. has a 12 month low of $15.69 and a 12 month high of $21.17. The company’s 50 day moving average price is $16.55 and its 200-day moving average price is $17.53.
Dean Foods (NYSE:DF) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. Dean Foods had a net margin of 1.43% and a return on equity of 24.57%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts predict that Dean Foods Co. will post $1.56 earnings per share for the current year.
DF has been the topic of several recent research reports. Zacks Investment Research lowered Dean Foods from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Jefferies Group reiterated a “buy” rating and issued a $23.00 price target on shares of Dean Foods in a report on Wednesday, July 20th. Credit Suisse Group AG reiterated a “sell” rating on shares of Dean Foods in a report on Tuesday, August 9th. Finally, TheStreet lowered Dean Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Dean Foods currently has a consensus rating of “Hold” and a consensus target price of $20.62.
In other Dean Foods news, Director J Wayne Mailloux sold 3,924 shares of Dean Foods stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $19.66, for a total transaction of $77,145.84. Following the sale, the director now directly owns 105,230 shares of the company’s stock, valued at approximately $2,068,821.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.
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