Aperio Group LLC grew its position in shares of Dean Foods Co (NYSE:DF) by 86.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 309,939 shares of the company’s stock after acquiring an additional 143,917 shares during the quarter. Aperio Group LLC’s holdings in Dean Foods were worth $2,672,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in Dean Foods during the 4th quarter worth approximately $371,000. Wells Fargo & Company MN raised its stake in shares of Dean Foods by 18.3% during the 4th quarter. Wells Fargo & Company MN now owns 936,364 shares of the company’s stock worth $10,823,000 after purchasing an additional 144,770 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Dean Foods by 35.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,568,319 shares of the company’s stock worth $18,130,000 after purchasing an additional 413,402 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Dean Foods during the 4th quarter worth approximately $668,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Dean Foods by 15.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,604,816 shares of the company’s stock worth $18,551,000 after purchasing an additional 214,749 shares in the last quarter. 82.20% of the stock is owned by hedge funds and other institutional investors.
DF opened at $9.57 on Friday. Dean Foods Co has a 1-year low of $8.14 and a 1-year high of $18.70. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $888.79 million, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.18 and a beta of 0.43.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Monday, May 21st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, May 18th. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
A number of equities research analysts have recently issued reports on the company. Deutsche Bank cut Dean Foods from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research note on Monday, May 14th. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley set a $10.00 price objective on Dean Foods and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $10.00 price objective (down previously from $12.00) on shares of Dean Foods in a research note on Tuesday, February 27th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Dean Foods currently has a consensus rating of “Hold” and an average target price of $11.54.
In other news, major shareholder Value Vals Ag Vv acquired 15,287 shares of the stock in a transaction on Thursday, May 17th. The shares were purchased at an average price of $10.25 per share, for a total transaction of $156,691.75. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jose A. Motta sold 8,733 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $9.28, for a total value of $81,042.24. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
About Dean Foods
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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