Dean Foods Co. (DF) Short Interest Update
Dean Foods Co. (NYSE:DF) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 15,053,854 shares, a decrease of 31.9% from the October 31st total of 22,105,881 shares. Approximately 16.9% of the shares of the company are short sold. Based on an average daily trading volume, of 2,259,064 shares, the short-interest ratio is presently 6.7 days.
In related news, Director J Wayne Mailloux sold 5,886 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $20.00, for a total transaction of $117,720.00. Following the completion of the sale, the director now owns 101,944 shares of the company’s stock, valued at approximately $2,038,880. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Scott K. Vopni sold 33,105 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were 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 of the company’s stock, valued at approximately $484,052.75. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of Dean Foods by 388.0% in the second quarter. Nordea Investment Management AB now owns 33,671 shares of the company’s stock valued at $609,000 after buying an additional 26,771 shares during the period. Smith Graham & Co. Investment Advisors LP acquired a new position in shares of Dean Foods during the second quarter valued at about $5,968,000. Smith Asset Management Group LP raised its position in shares of Dean Foods by 2.5% in the second quarter. Smith Asset Management Group LP now owns 157,926 shares of the company’s stock valued at $2,857,000 after buying an additional 3,790 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Dean Foods during the second quarter valued at about $988,000. Finally, Bank of Montreal Can acquired a new position in shares of Dean Foods during the second quarter valued at about $6,736,000.
Shares of Dean Foods (NYSE:DF) opened at 19.86 on Thursday. The company’s 50-day moving average is $18.24 and its 200 day moving average is $17.74. Dean Foods has a 1-year low of $15.69 and a 1-year high of $21.17. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.22 and a beta of 0.20.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm earned $1.96 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. On average, analysts expect that Dean Foods will post $1.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 21st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, November 17th. Dean Foods’s dividend payout ratio (DPR) is presently 31.30%.
A number of research firms have issued reports on DF. Deutsche Bank AG reissued a “buy” rating on shares of Dean Foods in a research note on Wednesday, November 2nd. Jefferies Group reissued a “buy” rating and set a $23.00 target price on shares of Dean Foods in a research note on Wednesday, August 31st. TheStreet raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 14th. Zacks Investment Research raised shares of Dean Foods from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, November 9th. Finally, DA Davidson reissued a “hold” rating on shares of Dean Foods in a research note on Tuesday, November 8th. Two 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. The company presently has an average rating of “Hold” and a consensus price target of $21.04.
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Dean Foods Company Profile
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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