Wells Fargo & Company MN boosted its stake in Dean Foods Co. (NYSE:DF) by 46.6% during the third quarter, Holdings Channel reports. The institutional investor owned 835,780 shares of the company’s stock after buying an additional 265,778 shares during the period. Wells Fargo & Company MN’s holdings in Dean Foods were worth $13,707,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LLC bought a new stake in shares of Dean Foods during the first quarter worth $224,000. Phocas Financial Corp. raised its stake in shares of Dean Foods by 61.6% in the first quarter. Phocas Financial Corp. now owns 220,173 shares of the company’s stock worth $3,813,000 after buying an additional 83,900 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Dean Foods by 157.7% in the second quarter. BNP Paribas Arbitrage SA now owns 281,817 shares of the company’s stock worth $5,098,000 after buying an additional 172,442 shares during the period. Alpha Windward LLC raised its stake in shares of Dean Foods by 16.1% in the second quarter. Alpha Windward LLC now owns 22,500 shares of the company’s stock worth $407,000 after buying an additional 3,120 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Dean Foods by 388.0% in the second quarter. Nordea Investment Management AB now owns 33,671 shares of the company’s stock worth $609,000 after buying an additional 26,771 shares during the period.
Shares of Dean Foods Co. (NYSE:DF) traded up 0.10% on Monday, hitting $20.03. 774,659 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $18.01 and its 200 day moving average price is $17.72. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 17.37 and a beta of 0.20. Dean Foods Co. has a 12-month low of $15.69 and a 12-month high of $21.17.
Dean Foods (NYSE:DF) last posted its earnings results on Monday, November 7th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.63 billion. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. On average, equities analysts predict that Dean Foods Co. will post $1.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 21st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, November 17th. Dean Foods’s dividend payout ratio (DPR) 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 report on Wednesday, November 2nd. Jefferies Group reissued a “buy” rating on shares of Dean Foods in a report on Wednesday, August 10th. Zacks Investment Research raised shares of 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. Credit Suisse Group AG reissued a “sell” rating on shares of Dean Foods in a report on Tuesday, August 9th. Finally, TheStreet lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Dean Foods has a consensus rating of “Hold” and a consensus price target of $21.04.
In other Dean Foods news, Director J Wayne Mailloux sold 5,886 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $20.00, for a total transaction of $117,720.00. Following the transaction, the director now directly owns 101,944 shares of the company’s stock, valued at approximately $2,038,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott K. Vopni sold 33,105 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $19.75, for a total transaction of $653,823.75. Following the transaction, the senior vice president now directly owns 24,509 shares in the company, valued at $484,052.75. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
About Dean Foods
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.