LSV Asset Management Sells 222,600 Shares of Dean Foods Co (DF)

LSV Asset Management trimmed its position in Dean Foods Co (NYSE:DF) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,486,744 shares of the company’s stock after selling 222,600 shares during the quarter. LSV Asset Management’s holdings in Dean Foods were worth $51,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its position in Dean Foods by 1.2% in the second quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock valued at $193,534,000 after acquiring an additional 129,537 shares during the period. Amalgamated Bank grew its position in Dean Foods by 1.0% in the second quarter. Amalgamated Bank now owns 12,831 shares of the company’s stock valued at $218,000 after acquiring an additional 122 shares during the period. Thrivent Financial For Lutherans grew its position in Dean Foods by 8.1% in the second quarter. Thrivent Financial For Lutherans now owns 18,370 shares of the company’s stock valued at $312,000 after acquiring an additional 1,380 shares during the period. FMR LLC grew its position in Dean Foods by 56.2% in the second quarter. FMR LLC now owns 2,998,781 shares of the company’s stock valued at $50,979,000 after acquiring an additional 1,079,205 shares during the period. Finally, California Public Employees Retirement System grew its position in Dean Foods by 1.2% in the second quarter. California Public Employees Retirement System now owns 249,045 shares of the company’s stock valued at $4,234,000 after acquiring an additional 2,900 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

Shares of Dean Foods Co (DF) opened at $9.34 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.93 and a current ratio of 1.28. The company has a market capitalization of $901.61, a price-to-earnings ratio of 10.76, a PEG ratio of 0.87 and a beta of 0.39. Dean Foods Co has a 1-year low of $9.01 and a 1-year high of $20.84.

Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, November 7th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. research analysts expect that Dean Foods Co will post 0.81 EPS for the current fiscal year.

A number of analysts have weighed in on the company. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Credit Suisse Group lowered their price target on Dean Foods from $10.00 to $8.50 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. Jefferies Group set a $16.00 price target on Dean Foods and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Morgan Stanley lowered their price target on Dean Foods from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Dean Foods currently has an average rating of “Hold” and a consensus target price of $13.05.

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Dean Foods Profile

Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.

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Institutional Ownership by Quarter for Dean Foods (NYSE:DF)

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