Dean Foods (DF) Stock Price Down 3.9%

Shares of Dean Foods Co (NYSE:DF) fell 3.9% during mid-day trading on Tuesday . The stock traded as low as $3.54 and last traded at $3.42. 45,533 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,425,741 shares. The stock had previously closed at $3.56.

Several research firms have weighed in on DF. ValuEngine cut Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 7th. BMO Capital Markets lowered their price target on Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Credit Suisse Group set a $3.00 price target on Dean Foods and gave the stock a “sell” rating in a report on Thursday, February 28th. TheStreet cut Dean Foods from a “c-” rating to a “d+” rating in a report on Wednesday, November 21st. Finally, Deutsche Bank set a $5.00 price target on Dean Foods and gave the stock a “hold” rating in a report on Wednesday, November 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Dean Foods has an average rating of “Hold” and an average price target of $6.29.

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The company has a market capitalization of $324.93 million, a P/E ratio of -7.24 and a beta of 0.43. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.05.

Dean Foods (NYSE:DF) last issued its quarterly earnings data on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.24). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. As a group, analysts anticipate that Dean Foods Co will post -0.13 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of DF. Norges Bank purchased a new stake in shares of Dean Foods during the fourth quarter valued at approximately $6,971,000. CWM Advisors LLC increased its position in shares of Dean Foods by 42.0% during the fourth quarter. CWM Advisors LLC now owns 21,162 shares of the company’s stock valued at $81,000 after acquiring an additional 6,254 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Dean Foods during the fourth quarter valued at approximately $58,000. Legal & General Group Plc increased its position in shares of Dean Foods by 2.2% during the fourth quarter. Legal & General Group Plc now owns 295,490 shares of the company’s stock valued at $1,126,000 after acquiring an additional 6,253 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Dean Foods during the fourth quarter valued at approximately $471,000. 84.42% of the stock is owned by hedge funds and other institutional investors.

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About Dean Foods (NYSE:DF)

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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