BNP Paribas Arbitrage SA lessened its holdings in Dean Foods Co (NYSE:DF) by 44.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 91,839 shares of the company’s stock after selling 74,748 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Dean Foods were worth $792,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. US Bancorp DE raised its position in Dean Foods by 333.5% during the first quarter. US Bancorp DE now owns 11,912 shares of the company’s stock valued at $103,000 after purchasing an additional 9,164 shares in the last quarter. Raymond James & Associates purchased a new stake in Dean Foods during the fourth quarter valued at about $122,000. MANA Advisors LLC purchased a new stake in Dean Foods during the fourth quarter valued at about $195,000. Trexquant Investment LP purchased a new stake in Dean Foods during the first quarter valued at about $197,000. Finally, Mackay Shields LLC purchased a new stake in Dean Foods during the first quarter valued at about $197,000. Institutional investors own 81.91% of the company’s stock.
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In related news, major shareholder Value Vals Ag Vv purchased 15,287 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was acquired at an average price of $10.25 per share, with a total value of $156,691.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.
Shares of Dean Foods opened at $10.11 on Wednesday, MarketBeat reports. Dean Foods Co has a 12-month low of $8.14 and a 12-month high of $18.21. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39. The stock has a market cap of $921.67 million, a PE ratio of 12.64, a P/E/G ratio of 1.20 and a beta of 0.59.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Dean Foods had a net margin of 0.91% and a return on equity of 11.68%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. analysts anticipate that Dean Foods Co will post 0.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Monday, May 21st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Friday, May 18th. Dean Foods’s payout ratio is currently 45.00%.
A number of research firms have weighed in on DF. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. BMO Capital Markets restated a “market perform” rating and set a $10.00 price target (down previously from $12.00) on shares of Dean Foods in a research report on Tuesday, February 27th. Deutsche Bank began coverage on Dean Foods in a research report on Monday, April 2nd. They set a “hold” rating and a $9.00 price target on the stock. ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Morgan Stanley set a $10.00 price target on Dean Foods and gave the company a “hold” rating in a research report on Tuesday, February 27th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.54.
Dean Foods Company Profile
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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