BlackRock Inc. Raises Position in Dean Foods Company (DF)

BlackRock Inc. boosted its holdings in shares of Dean Foods Company (NYSE:DF) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,384,396 shares of the company’s stock after buying an additional 129,537 shares during the quarter. BlackRock Inc. owned approximately 12.53% of Dean Foods worth $193,534,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DF. Nationwide Fund Advisors grew its holdings in Dean Foods by 33.4% in the second quarter. Nationwide Fund Advisors now owns 379,684 shares of the company’s stock worth $6,455,000 after purchasing an additional 95,085 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Dean Foods by 10.5% in the second quarter. Ameriprise Financial Inc. now owns 2,724,274 shares of the company’s stock worth $46,313,000 after purchasing an additional 259,880 shares during the last quarter. Symphony Asset Management LLC purchased a new position in Dean Foods in the second quarter worth $296,000. Riverhead Capital Management LLC grew its holdings in Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock worth $121,000 after purchasing an additional 2,728 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Dean Foods by 23.7% in the second quarter. Alliancebernstein L.P. now owns 295,166 shares of the company’s stock worth $5,018,000 after purchasing an additional 56,539 shares during the last quarter.

Shares of Dean Foods Company (NYSE:DF) opened at 10.78 on Tuesday. Dean Foods Company has a 1-year low of $10.30 and a 1-year high of $22.31. The firm has a market capitalization of $980.06 million, a P/E ratio of 17.67 and a beta of 0.51. The stock’s 50 day moving average is $10.94 and its 200 day moving average is $15.74.

Dean Foods (NYSE:DF) last posted its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. Equities analysts predict that Dean Foods Company will post $0.81 earnings per share for the current year.

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Several equities analysts have issued reports on DF shares. Jefferies Group LLC set a $20.00 price target on shares of Dean Foods and gave the stock a “buy” rating in a report on Saturday, July 29th. ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target (down from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. Stephens lowered shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 price target on the stock. in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Dean Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.67.

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

A number of other hedge funds have also modified their holdings of DF. Nationwide Fund Advisors grew its holdings in Dean Foods by 33.4% in the second quarter. Nationwide Fund Advisors now owns 379,684 shares of the company’s stock worth $6,455,000 after purchasing an additional 95,085 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Dean Foods by 10.5% in the second quarter. Ameriprise Financial Inc. now owns 2,724,274 shares of the company’s stock worth $46,313,000 after purchasing an additional 259,880 shares during the last quarter. Symphony Asset Management LLC purchased a new position in Dean Foods in the second quarter worth $296,000. Riverhead Capital Management LLC grew its holdings in Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock worth $121,000 after purchasing an additional 2,728 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Dean Foods by 23.7% in the second quarter. Alliancebernstein L.P. now owns 295,166 shares of the company’s stock worth $5,018,000 after purchasing an additional 56,539 shares during the last quarter.

Shares of Dean Foods Company (NYSE:DF) opened at 10.78 on Tuesday. Dean Foods Company has a 1-year low of $10.30 and a 1-year high of $22.31. The firm has a market capitalization of $980.06 million, a P/E ratio of 17.67 and a beta of 0.51. The stock’s 50 day moving average is $10.94 and its 200 day moving average is $15.74.

Dean Foods (NYSE:DF) last posted its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. Equities analysts predict that Dean Foods Company will post $0.81 earnings per share for the current year.

WARNING: This piece was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/blackrock-inc-raises-position-in-dean-foods-company-df.html.

Several equities analysts have issued reports on DF shares. Jefferies Group LLC set a $20.00 price target on shares of Dean Foods and gave the stock a “buy” rating in a report on Saturday, July 29th. ValuEngine raised shares of Dean Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target (down from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. Stephens lowered shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 price target on the stock. in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Dean Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.67.

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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Institutional Ownership by Quarter for Dean Foods (NYSE:DF)

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