Jefferies Financial Group Lowers Dean Foods (DF) to Hold

Jefferies Financial Group lowered shares of Dean Foods (NYSE:DF) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, Marketbeat.com reports. The firm currently has $6.00 price objective on the stock, down from their prior price objective of $13.00.

A number of other brokerages also recently commented on DF. ValuEngine upgraded shares of Dean Foods from a strong sell rating to a sell rating in a research note on Wednesday, October 3rd. Vertical Group downgraded shares of Dean Foods from a buy rating to a hold rating in a research note on Tuesday, August 7th. BMO Capital Markets dropped their target price on shares of 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. Finally, Zacks Investment Research upgraded shares of Dean Foods from a sell rating to a hold rating in a research note on Monday, September 24th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Dean Foods currently has an average rating of Hold and a consensus target price of $7.56.

DF stock traded up $0.01 during mid-day trading on Thursday, reaching $5.98. The company had a trading volume of 4,027,099 shares, compared to its average volume of 1,693,229. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.04. The company has a market capitalization of $703.58 million, a P/E ratio of 7.48, a P/E/G ratio of 1.54 and a beta of 0.02. Dean Foods has a 12 month low of $5.62 and a 12 month high of $12.09.

Dean Foods (NYSE:DF) last issued its earnings results on Wednesday, November 7th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. Dean Foods’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, research analysts expect that Dean Foods will post 0.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.01%. Dean Foods’s dividend payout ratio is presently 45.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new stake in Dean Foods in the second quarter valued at approximately $162,000. Bank of Montreal Can boosted its stake in Dean Foods by 92.7% in the third quarter. Bank of Montreal Can now owns 25,891 shares of the company’s stock valued at $183,000 after acquiring an additional 12,452 shares in the last quarter. Jane Street Group LLC boosted its stake in Dean Foods by 276.6% in the second quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock valued at $187,000 after acquiring an additional 27,935 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Dean Foods in the second quarter valued at approximately $203,000. Finally, Ridgewood Investments LLC boosted its stake in Dean Foods by 26.8% in the third quarter. Ridgewood Investments LLC now owns 31,356 shares of the company’s stock valued at $223,000 after acquiring an additional 6,637 shares in the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.

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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Analyst Recommendations for Dean Foods (NYSE:DF)

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