J P Morgan Chase & Co lowered shares of Dean Foods Company (NYSE:DF) from an overweight rating to a neutral rating in a research note published on Tuesday, August 8th, Marketbeat Ratings reports. J P Morgan Chase & Co currently has $12.00 price target on the stock, down from their previous price target of $16.00.
A number of other brokerages have also recently commented on DF. Sanford C. Bernstein cut Dean Foods from a market perform rating to an underperform rating and reduced their price target for the stock from $18.00 to $13.00 in a research report on Thursday, July 27th. Wells Fargo & Company restated an outperform rating and issued a $25.00 price target (up previously from $24.50) on shares of Dean Foods in a research report on Monday, May 15th. Zacks Investment Research upgraded Dean Foods from a sell rating to a hold rating in a research report on Wednesday, July 12th. Stephens cut Dean Foods from an overweight rating to an equal weight rating and set a $22.00 price target for the company. in a research report on Tuesday, August 8th. Finally, Morgan Stanley restated an underweight rating and issued a $15.00 price target (down previously from $18.00) on shares of Dean Foods in a research report on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $15.40.
Shares of Dean Foods (DF) opened at 11.79 on Tuesday. Dean Foods has a one year low of $11.19 and a one year high of $22.31. The stock has a market cap of $1.07 billion, a price-to-earnings 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 (NYSE:DF) last posted its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.09. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company posted $0.38 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that Dean Foods will post $0.82 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 21st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, August 17th. Dean Foods’s dividend payout ratio is currently 60.00%.
Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in 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 valued at $192,000 after buying an additional 717 shares in the last quarter. Sterling Capital Management LLC boosted its position in Dean Foods by 55.2% in the second quarter. Sterling Capital Management LLC now owns 59,601 shares of the company’s stock valued at $1,013,000 after buying an additional 21,202 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Dean Foods by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 199,799 shares of the company’s stock valued at $3,397,000 after buying an additional 1,165 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Dean Foods by 8,856.5% in the second quarter. Cubist Systematic Strategies LLC now owns 48,813 shares of the company’s stock valued at $830,000 after buying an additional 48,268 shares in the last quarter. Finally, State Street Corp boosted its position in Dean Foods by 2.0% in the second quarter. State Street Corp now owns 3,251,809 shares of the company’s stock valued at $55,278,000 after buying an additional 62,555 shares in the last quarter.
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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