Today The Dean Foods Company (DF) Downgraded by Sanford C. Bernstein

Today The Dean Foods Company (DF) Downgraded by Sanford C. Bernstein

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.

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