Shares of Dean Foods Co (NYSE:DF) have been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $8.81.
DF has been the topic of several research analyst reports. Zacks Investment Research upgraded Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, July 31st. Jefferies Financial Group set a $13.00 target price on Dean Foods and gave the company a “buy” rating in a research note on Tuesday, August 28th. Deutsche Bank upgraded Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 target price on the stock in a research note on Wednesday, August 8th. Vertical Group cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, BMO Capital Markets cut their target price on Dean Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 8th.
DF traded up $0.14 during trading hours on Wednesday, hitting $7.41. 98,102 shares of the stock were exchanged, compared to its average volume of 1,618,265. Dean Foods has a 12 month low of $7.06 and a 12 month high of $12.09. The stock has a market capitalization of $648.76 million, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.04.
In related news, major shareholder Value Vals Ag Vv acquired 350,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were acquired at an average cost of $8.31 per share, for a total transaction of $2,908,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in DF. Trexquant Investment LP lifted its holdings in Dean Foods by 50.0% in the 2nd quarter. Trexquant Investment LP now owns 34,303 shares of the company’s stock worth $361,000 after purchasing an additional 11,438 shares during the last quarter. Principal Financial Group Inc. increased its position in Dean Foods by 85.9% in the 1st quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock worth $6,237,000 after buying an additional 334,401 shares during the period. Price Capital Management Inc. bought a new position in Dean Foods in the 2nd quarter worth approximately $725,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Dean Foods in the 2nd quarter worth approximately $203,000. Finally, Sterling Capital Management LLC bought a new position in Dean Foods in the 2nd quarter worth approximately $1,109,000. 85.15% of the stock is currently owned by hedge funds and other institutional investors.
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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