Dean Foods (NYSE:DF) Trading 7.8% Higher

Dean Foods Co (NYSE:DF)’s share price traded up 7.8% on Friday . The stock traded as high as $0.87 and last traded at $0.82, 2,700,481 shares traded hands during mid-day trading. An increase of 1% from the average session volume of 2,672,431 shares. The stock had previously closed at $0.76.

Several research analysts recently weighed in on the company. BMO Capital Markets set a $2.00 price objective on Dean Foods and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded Dean Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Dean Foods presently has an average rating of “Hold” and an average price target of $4.40.

The company has a debt-to-equity ratio of 6.18, a current ratio of 1.15 and a quick ratio of 0.84. The business has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $2.15. The company has a market capitalization of $94.65 million, a price-to-earnings ratio of -1.74 and a beta of 0.38.



Dean Foods (NYSE:DF) last released its earnings results on Tuesday, August 6th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.27). The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dean Foods had a negative return on equity of 41.64% and a negative net margin of 5.53%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities research analysts predict that Dean Foods Co will post -1.23 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Dean Foods by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 918,586 shares of the company’s stock worth $3,499,000 after buying an additional 50,353 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Dean Foods by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 752,525 shares of the company’s stock valued at $2,867,000 after buying an additional 3,566 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Dean Foods by 130.9% during the fourth quarter. Bank of America Corp DE now owns 157,312 shares of the company’s stock valued at $599,000 after buying an additional 89,168 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Dean Foods by 356.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 29,825 shares of the company’s stock valued at $114,000 after buying an additional 23,298 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings 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 buying an additional 6,253 shares during the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.

About Dean Foods (NYSE:DF)

Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.

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