MetLife Investment Advisors LLC decreased its holdings in Dean Foods Co (NYSE:DF) by 68.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,474 shares of the company’s stock after selling 69,545 shares during the period. MetLife Investment Advisors LLC’s holdings in Dean Foods were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DF. BlackRock Inc. increased its stake in shares of Dean Foods by 14.9% during the first quarter. BlackRock Inc. now owns 13,049,006 shares of the company’s stock valued at $112,482,000 after buying an additional 1,692,082 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dean Foods by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,040,038 shares of the company’s stock valued at $60,685,000 after buying an additional 1,046,391 shares during the period. Renaissance Technologies LLC increased its stake in shares of Dean Foods by 18.0% during the fourth quarter. Renaissance Technologies LLC now owns 3,460,000 shares of the company’s stock valued at $39,998,000 after buying an additional 528,700 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Dean Foods by 9.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,715,168 shares of the company’s stock valued at $14,785,000 after buying an additional 146,849 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Dean Foods by 15.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,604,816 shares of the company’s stock valued at $18,551,000 after buying an additional 214,749 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.
Dean Foods opened at $10.74 on Thursday, according to MarketBeat. Dean Foods Co has a 1 year low of $8.14 and a 1 year high of $17.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.60. The stock has a market capitalization of $981.96 million, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.27 and a beta of 0.59.
Dean Foods (NYSE:DF) last posted its earnings results on Tuesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Dean Foods had a return on equity of 11.68% and a net margin of 0.91%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts predict that Dean Foods Co will post 0.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Monday, May 21st were paid a $0.09 dividend. The ex-dividend date was Friday, May 18th. This represents a $0.36 annualized dividend and a yield of 3.35%. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
Several brokerages have recently commented on DF. ValuEngine lowered Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Deutsche Bank lowered Dean Foods from a “hold” rating to a “sell” rating and set a $9.00 price target on the stock. in a research note on Monday, May 14th. Finally, Goldman Sachs Group lowered Dean Foods from a “neutral” rating to a “sell” rating and cut their price target for the company from $10.00 to $8.00 in a research note on Monday, April 16th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Dean Foods has an average rating of “Hold” and an average target price of $11.54.
In other Dean Foods news, major shareholder Value Vals Ag Vv purchased 15,287 shares of the stock in a transaction on Thursday, May 17th. The stock was acquired at an average price of $10.25 per share, with a total value of $156,691.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.
Dean Foods Company Profile
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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