Dalton Greiner Hartman Maher & Co. Increases Position in Dean Foods Co. (DF)
Dalton Greiner Hartman Maher & Co. boosted its position in shares of Dean Foods Co. (NYSE:DF) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 621,127 shares of the company’s stock after buying an additional 49,532 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Dean Foods were worth $10,186,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of DF. Public Employees Retirement System of Ohio boosted its stake in Dean Foods by 17.0% in the second quarter. Public Employees Retirement System of Ohio now owns 7,616 shares of the company’s stock worth $138,000 after buying an additional 1,104 shares during the last quarter. Ropes Wealth Advisors LLC purchased a new stake in Dean Foods during the second quarter worth approximately $172,000. Janney Montgomery Scott LLC purchased a new stake in Dean Foods during the second quarter worth approximately $174,000. First Allied Advisory Services Inc. purchased a new stake in Dean Foods during the second quarter worth approximately $182,000. Finally, Acrospire Investment Management LLC boosted its stake in Dean Foods by 87.9% in the second quarter. Acrospire Investment Management LLC now owns 10,688 shares of the company’s stock worth $193,000 after buying an additional 5,000 shares during the last quarter.
Shares of Dean Foods Co. (NYSE:DF) traded up 2.123% during mid-day trading on Tuesday, hitting $20.445. 646,176 shares of the stock traded hands. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 17.732 and a beta of 0.20. Dean Foods Co. has a 12 month low of $15.69 and a 12 month high of $21.17. The firm has a 50 day moving average of $18.12 and a 200 day moving average of $17.72.
Dean Foods (NYSE:DF) last released its earnings results on Monday, November 7th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.63 billion. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. Dean Foods’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, equities analysts expect that Dean Foods Co. will post $1.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 21st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, November 17th. Dean Foods’s dividend payout ratio is presently 31.30%.
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A number of equities research analysts have recently commented on the stock. Credit Suisse Group AG restated a “sell” rating on shares of Dean Foods in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, November 9th. DA Davidson restated a “hold” rating on shares of Dean Foods in a report on Tuesday, November 8th. Jefferies Group restated a “buy” rating on shares of Dean Foods in a report on Wednesday, August 10th. Finally, TheStreet cut shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Dean Foods currently has a consensus rating of “Hold” and an average price target of $21.04.
In other Dean Foods news, Director J Wayne Mailloux sold 5,886 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $20.00, for a total transaction of $117,720.00. Following the sale, the director now owns 101,944 shares of the company’s stock, valued at approximately $2,038,880. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Scott K. Vopni sold 33,105 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $19.75, for a total transaction of $653,823.75. Following the sale, the senior vice president now directly owns 24,509 shares in the company, valued at approximately $484,052.75. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
About Dean Foods
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.
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