Dean Foods Company (DF) Position Held by GAM Holding AG
GAM Holding AG maintained its stake in Dean Foods Company (NYSE:DF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,700 shares of the company’s stock at the end of the second quarter. GAM Holding AG owned approximately 0.10% of Dean Foods worth $1,559,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Dean Foods by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after buying an additional 686 shares during the last quarter. LS Investment Advisors LLC increased its stake in Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock valued at $124,000 after buying an additional 1,081 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Dean Foods during the second quarter valued at approximately $172,000. Jane Street Group LLC increased its stake in Dean Foods by 6.4% in the first quarter. Jane Street Group LLC now owns 10,321 shares of the company’s stock valued at $203,000 after buying an additional 621 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Dean Foods by 12.2% in the first quarter. Public Employees Retirement System of Ohio now owns 10,561 shares of the company’s stock valued at $208,000 after buying an additional 1,145 shares during the last quarter.
Dean Foods Company (DF) opened at 10.94 on Thursday. Dean Foods Company has a 52-week low of $10.82 and a 52-week high of $22.31. The stock’s 50 day moving average price is $13.87 and its 200-day moving average price is $17.51. The stock has a market capitalization of $994.61 million, a PE ratio of 17.93 and a beta of 0.54.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.09. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts expect that Dean Foods Company will post $0.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 21st were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.29%. The ex-dividend date was Thursday, August 17th. Dean Foods’s payout ratio is 60.00%.
Several equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price objective (down from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. Vertical Group downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co downgraded Dean Foods from an “overweight” rating to a “neutral” rating and cut their price target for the company from $16.00 to $12.00 in a research note on Tuesday, August 8th. BMO Capital Markets restated a “market perform” rating and set a $15.00 price target (down from $20.00) on shares of Dean Foods in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC cut their price target on Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.40.
About Dean Foods
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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