Sanford C. Bernstein downgraded shares of Dean Foods Company (NYSE:DF) from an outperform rating to a market perform rating in a research note published on Thursday. Sanford C. Bernstein currently has $22.00 price objective on the stock, up from their previous price objective of $21.31.
DF has been the subject of several other reports. KeyCorp began coverage on shares of Dean Foods Company in a report on Thursday, December 1st. They set a sector weight rating for the company. TheStreet upgraded shares of Dean Foods Company from a hold rating to a buy rating in a report on Monday, November 14th. DA Davidson reiterated a hold rating on shares of Dean Foods Company in a report on Tuesday, November 8th. Zacks Investment Research downgraded shares of Dean Foods Company from a buy rating to a hold rating in a report on Tuesday, January 10th. Finally, Deutsche Bank AG reiterated a buy rating on shares of Dean Foods Company in a report on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Dean Foods Company presently has an average rating of Hold and an average price target of $21.38.
Shares of Dean Foods Company (NYSE:DF) opened at 19.94 on Thursday. The firm has a market cap of $1.80 billion, a P/E ratio of 17.29 and a beta of 0.26. The company’s 50-day moving average price is $21.08 and its 200 day moving average price is $18.51. Dean Foods Company has a 52 week low of $15.69 and a 52 week high of $22.31.
Dean Foods Company (NYSE:DF) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company earned $1.96 billion during the quarter, compared to the consensus estimate of $2.63 billion. Dean Foods Company had a net margin of 1.37% and a return on equity of 24.87%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. On average, equities analysts anticipate that Dean Foods Company will post $1.61 earnings per share for the current year.
In other news, SVP Scott K. Vopni sold 33,105 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $19.75, for a total transaction of $653,823.75. Following the transaction, the senior vice president now owns 24,509 shares of the company’s stock, valued at approximately $484,052.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Wayne Mailloux sold 5,886 shares of the stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $20.50, for a total transaction of $120,663.00. Following the transaction, the director now directly owns 96,058 shares in the company, valued at approximately $1,969,189. The disclosure for this sale can be found here. Insiders have sold a total of 44,877 shares of company stock worth $892,207 in the last three months. Insiders own 2.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Parkwood LLC bought a new position in Dean Foods Company during the second quarter worth about $194,000. Bank of Montreal Can bought a new position in Dean Foods Company during the second quarter worth about $6,736,000. Stoneridge Investment Partners LLC bought a new position in Dean Foods Company during the second quarter worth about $988,000. Smith Asset Management Group LP boosted its position in Dean Foods Company by 2.5% in the second quarter. Smith Asset Management Group LP now owns 157,926 shares of the company’s stock worth $2,857,000 after buying an additional 3,790 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP bought a new position in Dean Foods Company during the second quarter worth about $5,968,000.
About Dean Foods Company
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.