Mason Street Advisors LLC purchased a new stake in Dean Foods Co. (NYSE:DF) during the second quarter, Holdings Channel reports. The institutional investor purchased 41,848 shares of the company’s stock, valued at approximately $757,000.
Several other hedge funds also recently made changes to their positions in DF. Public Employees Retirement System of Ohio boosted its stake in Dean Foods by 17.0% in the second quarter. Public Employees Retirement System of Ohio now owns 7,616 shares of the company’s stock valued at $138,000 after buying an additional 1,104 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Dean Foods during the first quarter valued at approximately $155,000. Ropes Wealth Advisors LLC acquired a new stake in Dean Foods during the second quarter valued at approximately $172,000. Janney Montgomery Scott LLC acquired a new stake in Dean Foods during the second quarter valued at approximately $174,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Dean Foods during the second quarter valued at approximately $182,000.
Dean Foods Co. (NYSE:DF) opened at 16.39 on Friday. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.59 and a beta of 0.29. Dean Foods Co. has a 12 month low of $15.69 and a 12 month high of $21.17. The stock’s 50 day moving average price is $16.71 and its 200 day moving average price is $17.68.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.02. Dean Foods had a net margin of 1.43% and a return on equity of 24.57%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue was down 8.2% on a year-over-year basis. Equities research analysts expect that Dean Foods Co. will post $1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.36 annualized dividend and a yield of 2.20%. Dean Foods’s dividend payout ratio is 29.75%.
Several research firms recently commented on DF. Zacks Investment Research cut Dean Foods from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. TheStreet cut Dean Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group restated a “buy” rating and issued a $23.00 target price on shares of Dean Foods in a research report on Wednesday, July 20th. Finally, Credit Suisse Group AG restated a “sell” rating on shares of Dean Foods in a research report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.62.
In related news, Director J Wayne Mailloux sold 3,924 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $19.66, for a total transaction of $77,145.84. Following the transaction, the director now directly owns 105,230 shares in the company, valued at $2,068,821.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.
About Dean Foods
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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