Dean Foods Company (NYSE:DF) Stake Reduced by Teachers Advisors LLC

Teachers Advisors LLC cut its position in shares of Dean Foods Company (NYSE:DF) by 61.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 516,740 shares of the company’s stock after selling 817,060 shares during the period. Teachers Advisors LLC owned approximately 0.57% of Dean Foods worth $10,159,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Dean Foods by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock worth $120,000 after buying an additional 145 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Dean Foods by 9.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,480 shares of the company’s stock worth $337,000 after buying an additional 1,340 shares during the last quarter. Norges Bank acquired a new stake in shares of Dean Foods during the fourth quarter worth approximately $29,200,000. Quadrature Capital Ltd acquired a new stake in shares of Dean Foods during the fourth quarter worth approximately $386,000. Finally, Bank of Montreal Can boosted its stake in shares of Dean Foods by 69.8% in the first quarter. Bank of Montreal Can now owns 360,004 shares of the company’s stock worth $7,077,000 after buying an additional 148,037 shares during the last quarter.

Dean Foods Company (NYSE:DF) traded up 3.24% during midday trading on Friday, hitting $11.79. 2,071,747 shares of the company traded hands. Dean Foods Company has a 12-month low of $11.19 and a 12-month high of $22.31. The stock has a 50 day moving average price of $14.56 and a 200-day moving average price of $17.82. The company has a market cap of $1.07 billion, a PE ratio of 19.33 and a beta of 0.54.

Dean Foods (NYSE:DF) last released its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.09. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.38 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Dean Foods Company will post $0.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 21st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. Dean Foods’s payout ratio is 60.00%.

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DF has been the topic of a number of research reports. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 price target on shares of Dean Foods in a research note on Wednesday, April 26th. TheStreet cut shares of Dean Foods from a “b” rating to a “c+” rating in a research note on Tuesday, May 9th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $25.00 price target (up from $24.50) on shares of Dean Foods in a research note on Monday, May 15th. Finally, ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Dean Foods currently has a consensus rating of “Hold” and a consensus price target 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.

Institutional Ownership by Quarter for Dean Foods (NYSE:DF)

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