Dean Foods Co. (NYSE:DF) SVP Scott K. Vopni sold 33,105 shares of Dean Foods stock in a transaction on Monday, November 21st. The shares were sold at an average price of $19.75, for a total transaction of $653,823.75. Following the completion of the sale, the senior vice president now directly owns 24,509 shares in the company, valued at approximately $484,052.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Dean Foods Co. (NYSE:DF) opened at 19.83 on Friday. The company has a 50-day moving average of $17.91 and a 200 day moving average of $17.71. Dean Foods Co. has a one year low of $15.69 and a one year high of $21.17. The stock has a market capitalization of $1.79 billion, a price-to-earnings 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm earned $1.96 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. Dean Foods’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Equities research analysts forecast that Dean Foods Co. will post $1.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 21st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, November 17th. Dean Foods’s payout ratio is 31.30%.
DF has been the topic of a number of research analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of Dean Foods in a research note on Wednesday, November 2nd. Jefferies Group reissued a “buy” rating and issued a $23.00 price target on shares of Dean Foods in a research note on Wednesday, August 31st. TheStreet upgraded Dean Foods from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Zacks Investment Research upgraded Dean Foods from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, November 9th. Finally, DA Davidson restated a “hold” rating on shares of Dean Foods in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven 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 $21.04.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Dean Foods by 3.2% in the first quarter. State Street Corp now owns 3,221,414 shares of the company’s stock valued at $55,796,000 after buying an additional 101,210 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in Dean Foods during the second quarter valued at about $172,000. Teacher Retirement System of Texas boosted its position in Dean Foods by 15.2% in the second quarter. Teacher Retirement System of Texas now owns 12,925 shares of the company’s stock valued at $234,000 after buying an additional 1,701 shares during the last quarter. Bank of Montreal Can acquired a new position in Dean Foods during the second quarter valued at about $6,736,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Dean Foods during the second quarter valued at about $988,000.
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