Media stories about Dean Foods (NYSE:DF) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dean Foods earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.1723805282473 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
DF has been the subject of a number of research analyst reports. Jefferies Financial Group set a $13.00 price target on Dean Foods and gave the company a “buy” rating in a report on Tuesday, August 28th. ValuEngine downgraded Dean Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research downgraded Dean Foods from a “buy” rating to a “sell” rating in a report on Friday, August 10th. JPMorgan Chase & Co. cut Dean Foods from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $9.00 to $6.00 in a research note on Friday, August 17th. Finally, BMO Capital Markets reduced their price objective on Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Dean Foods currently has a consensus rating of “Hold” and a consensus target price of $9.06.
NYSE DF remained flat at $$7.39 on Friday. The company’s stock had a trading volume of 920,264 shares, compared to its average volume of 1,582,909. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.47. Dean Foods has a one year low of $7.32 and a one year high of $12.09. The stock has a market capitalization of $675.26 million, a PE ratio of 9.24, a P/E/G ratio of 1.40 and a beta of 0.27.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. equities analysts predict that Dean Foods will post 0.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Friday, August 17th. Dean Foods’s dividend payout ratio is currently 45.00%.
In other news, major shareholder Value Vals Ag Vv acquired 350,000 shares of Dean Foods stock in a transaction on Tuesday, August 7th. The stock was bought at an average price of $8.31 per share, for a total transaction of $2,908,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by 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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