Dean Foods Co. (NYSE:DF) Director J Wayne Mailloux sold 5,886 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $20.00, for a total transaction of $117,720.00. Following the completion of the transaction, the director now directly owns 101,944 shares of the company’s stock, valued at $2,038,880. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Dean Foods Co. (NYSE:DF) opened at 19.83 on Friday. The stock’s 50 day moving average is $17.91 and its 200 day moving average is $17.71. Dean Foods Co. has a 52-week low of $15.69 and a 52-week high of $21.17. The stock has a market cap of $1.79 billion, a PE ratio of 17.20 and a beta of 0.20.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Monday, November 7th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The firm earned $1.96 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that Dean Foods Co. will post $1.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 21st will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, November 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.82%. Dean Foods’s payout ratio is 31.30%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new position in Dean Foods during the second quarter valued at $27,182,000. Vanguard Group Inc. boosted its position in Dean Foods by 13.9% in the second quarter. Vanguard Group Inc. now owns 11,286,020 shares of the company’s stock valued at $204,164,000 after buying an additional 1,377,851 shares during the last quarter. Cambiar Investors LLC bought a new position in Dean Foods during the third quarter valued at $20,355,000. LSV Asset Management boosted its position in Dean Foods by 30.3% in the second quarter. LSV Asset Management now owns 4,992,744 shares of the company’s stock valued at $90,318,000 after buying an additional 1,162,144 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Dean Foods during the second quarter valued at $20,738,000.
Several research firms recently commented on DF. DA Davidson reaffirmed a “hold” rating on shares of Dean Foods in a report on Tuesday, November 8th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Dean Foods in a report on Tuesday, August 9th. TheStreet downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Zacks Investment Research raised shares of Dean Foods from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Thursday, August 4th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Dean Foods in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Dean Foods presently has a consensus rating of “Hold” and an average price target of $21.04.
About Dean Foods