Dean Foods (DF) Downgraded to D+ at TheStreet

TheStreet cut shares of Dean Foods (NYSE:DF) from a c- rating to a d+ rating in a research note published on Wednesday morning.

A number of other research firms have also issued reports on DF. ValuEngine lowered Dean Foods from a sell rating to a strong sell rating in a report on Tuesday, July 24th. Zacks Investment Research raised Dean Foods from a hold rating to a buy rating and set a $11.00 price target on the stock in a report on Tuesday, July 31st. JPMorgan Chase & Co. lowered Dean Foods from a neutral rating to an underweight rating and lowered their price target for the stock from $9.00 to $6.00 in a report on Friday, August 17th. BMO Capital Markets lowered their price target on Dean Foods from $10.00 to $9.00 and set a market perform rating on the stock in a report on Wednesday, August 8th. Finally, Vertical Group lowered Dean Foods from a buy rating to a hold rating in a report on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $7.56.

Shares of DF stock opened at $5.55 on Wednesday. The stock has a market cap of $529.21 million, a price-to-earnings ratio of 6.94 and a beta of 0.02. Dean Foods has a 1 year low of $5.52 and a 1 year high of $12.09. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.05 and a current ratio of 1.45.

Dean Foods (NYSE:DF) last issued its quarterly earnings data on Wednesday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.22). Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $0.20 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Analysts predict that Dean Foods will post -0.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be given a $0.03 dividend. The ex-dividend date is Friday, November 16th. This represents a $0.12 dividend on an annualized basis and a yield of 2.16%. Dean Foods’s payout ratio is currently 15.00%.

A number of large investors have recently made changes to their positions in DF. Millennium Management LLC lifted its position in Dean Foods by 1,775.0% in the second quarter. Millennium Management LLC now owns 937,510 shares of the company’s stock valued at $9,853,000 after purchasing an additional 887,510 shares during the period. Dimensional Fund Advisors LP lifted its position in Dean Foods by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,619,013 shares of the company’s stock valued at $80,077,000 after purchasing an additional 578,975 shares during the period. Schroder Investment Management Group lifted its position in Dean Foods by 1,077.3% in the third quarter. Schroder Investment Management Group now owns 629,589 shares of the company’s stock valued at $4,470,000 after purchasing an additional 576,112 shares during the period. BlackRock Inc. lifted its position in Dean Foods by 4.3% in the second quarter. BlackRock Inc. now owns 13,609,565 shares of the company’s stock valued at $143,036,000 after purchasing an additional 560,559 shares during the period. Finally, BlueMountain Capital Management LLC lifted its position in Dean Foods by 731.3% in the third quarter. BlueMountain Capital Management LLC now owns 500,977 shares of the company’s stock valued at $3,557,000 after purchasing an additional 440,716 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.

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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Analyst Recommendations for Dean Foods (NYSE:DF)

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