Deutsche Bank cut shares of Dean Foods (NYSE:DF) from a hold rating to a sell rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. They currently have $9.00 target price on the stock.
A number of other equities research analysts have also issued reports on the company. ValuEngine raised Dean Foods from a hold rating to a buy rating in a research note on Wednesday, March 7th. Zacks Investment Research raised Dean Foods from a hold rating to a buy rating and set a $13.00 price target for the company in a research note on Thursday, January 18th. Jefferies Group reissued a buy rating and set a $13.00 price target on shares of Dean Foods in a research note on Monday, February 26th. Stephens reissued a hold rating on shares of Dean Foods in a research note on Tuesday, February 27th. Finally, Morgan Stanley set a $10.00 price target on Dean Foods and gave the stock a hold rating in a research note on Tuesday, February 27th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $11.54.
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Shares of Dean Foods stock opened at $10.22 on Monday. The company has a market capitalization of $925.33 million, a PE ratio of 12.66, a P/E/G ratio of 1.21 and a beta of 0.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.60 and a quick ratio of 1.14. Dean Foods has a one year low of $10.03 and a one year high of $10.09.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, May 8th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Dean Foods had a return on equity of 11.68% and a net margin of 0.91%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. research analysts forecast that Dean Foods will post 0.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, May 21st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, May 18th. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
In other Dean Foods news, SVP Jose A. Motta sold 8,733 shares of Dean Foods stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $9.28, for a total transaction of $81,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates bought a new stake in Dean Foods during the 4th quarter valued at $122,000. US Bancorp DE raised its position in Dean Foods by 333.5% during the 1st quarter. US Bancorp DE now owns 11,912 shares of the company’s stock valued at $103,000 after purchasing an additional 9,164 shares in the last quarter. MANA Advisors LLC bought a new position in shares of Dean Foods in the 4th quarter worth $195,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Dean Foods in the 4th quarter worth $205,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Dean Foods in the 4th quarter worth $229,000. 85.21% of the stock is owned by institutional investors and hedge funds.
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.