New York State Common Retirement Fund lowered its stake in shares of Dean Foods Co (NYSE:DF) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,799 shares of the company’s stock after selling 12,885 shares during the period. New York State Common Retirement Fund owned approximately 0.14% of Dean Foods worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Dean Foods by 14.9% during the first quarter. BlackRock Inc. now owns 13,049,006 shares of the company’s stock worth $112,482,000 after purchasing an additional 1,692,082 shares during the period. Renaissance Technologies LLC raised its position in shares of Dean Foods by 18.0% during the fourth quarter. Renaissance Technologies LLC now owns 3,460,000 shares of the company’s stock worth $39,998,000 after purchasing an additional 528,700 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Dean Foods by 9.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,715,168 shares of the company’s stock worth $14,785,000 after purchasing an additional 146,849 shares during the period. Bank of New York Mellon Corp raised its position in shares of Dean Foods by 15.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,604,816 shares of the company’s stock worth $18,551,000 after purchasing an additional 214,749 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Dean Foods by 14.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,044,735 shares of the company’s stock worth $12,077,000 after purchasing an additional 132,156 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Shares of Dean Foods opened at $10.51 on Friday, MarketBeat Ratings reports. Dean Foods Co has a 52-week low of $8.14 and a 52-week high of $17.38. The company has a market capitalization of $974.65 million, a P/E ratio of 13.34, a PEG ratio of 1.26 and a beta of 0.59. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. Dean Foods had a return on equity of 11.68% and a net margin of 0.91%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm earned $0.13 EPS. Dean Foods’s revenue for the quarter was down .8% compared to the same quarter last year. research analysts forecast that Dean Foods Co will post 0.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Monday, May 21st were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.36 dividend on an annualized basis and a yield of 3.43%. Dean Foods’s dividend payout ratio is 45.00%.
A number of research firms have recently commented on DF. ValuEngine lowered Dean Foods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. Deutsche Bank lowered Dean Foods from a “hold” rating to a “sell” rating and set a $9.00 target price on the stock. in a research report on Monday, May 14th. Finally, Goldman Sachs Group lowered Dean Foods from a “neutral” rating to a “sell” rating and dropped their target price for the company from $10.00 to $8.00 in a research report on Monday, April 16th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Dean Foods currently has a consensus rating of “Hold” and a consensus target price of $11.54.
In related news, major shareholder Value Vals Ag Vv purchased 15,287 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $156,691.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
About Dean Foods
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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