Dean Foods Company (DF) Shares Down 3.2% on Disappointing Earnings

Elias Hubbard
August 11, 2017

Sfmg LLC now owns 12,754 shares of the company's stock valued at $514,000 after buying an additional 50 shares in the last quarter.

A number of other large investors have also recently made changes to their positions in CAG. Clinton Group Inc. raised its position in shares of Dean Foods by 0.4% in the first quarter. Sfmg LLC boosted its position in ConAgra Foods by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC increased its position in Dean Foods by 0.3% in the first quarter. Dean Foods Company has had 7 insider trades in the last 3 months, including 5 open market buys and 2 sells. Symphony Asset Management LLC bought a new position in Dean Foods during the second quarter worth $296,000. Korea Investment CORP now owns 767,072 shares of the company's stock valued at $30,944,000 after buying an additional 74,909 shares during the period. Bank of Montreal Can boosted its position in ConAgra Foods by 134.5% in the first quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company's stock valued at $120,000 after buying an additional 145 shares during the period. The rating was upgraded by Wells Fargo to "Outperform" on Wednesday, August 9. Dimensional Fund Advisors LP now owns 4,763,883 shares of the company's stock worth $93,658,000 after buying an additional 339,447 shares during the last quarter. (NYSE:CAG) opened at 34.06 on Friday.

It is trading at $11.73 a great deal lower than the 50 day moving average of $15.53 and well below the 200 day moving average of $18.17. Dean Foods Company has a 12-month low of $11.19 and a 12-month high of $22.31. The stock exchanged hands 6.77 Million shares versus average trading capacity of 1.82 Million shares, yielding a market cap of $1.04 Billion. Dean Foods Co (NYSE:DF) has risen 1.28% since August 10, 2016 and is uptrending. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.30 by $0.09.

According to analysts Dean Foods Company (NYSE:DF)'s minimum EPS for the current quarter is at $0.19 and can go high up to $0.27. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period past year, the firm posted $0.52 earnings per share. The business's quarterly revenue was down 9.3% compared to the same quarter past year. Equities research analysts anticipate that ConAgra Foods Inc. will post $1.86 earnings per share for the current fiscal year. The stock has "Neutral" rating by Dougherty & Company on Monday, February 27. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued. These ratios are important while doing valuation of the company or the shares of the company. The ex-dividend date was set for Thursday the 18th of May 2017.

Investors sentiment increased to 0.88 in 2016 Q4. This represents a $0.85 dividend on an annualized basis and a yield of 2.50%. Dean Foods's payout ratio is 60.00%.

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Several analysts recently weighed in on the company. Stifel Nicolaus maintained it with "Hold" rating and $1300 target in Tuesday, August 8 report. Vertical Group lowered Dean Foods from a "buy" recommendation to a "hold" recommendation in a study on Thurs.

August 9 investment analysts at BMO Capital kept the company rating at "Market Perform" and lowered the price expectation from $20.00 to $15.00. Finally, Stephens cut Dean Foods from an "overweight" rating to an "equal weight" rating and set a $22.00 target price for the a report on Tuesday.

A number of analysts have recently issued reports on DF shares. They now have a Dollars 15 price target on the stock. Following the transaction, the director now owns 89,260 shares in the company, valued at $2,965,217.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Wall Street analysts covering the stock are projecting that the stock will reach $13.09 within the next 52-weeks. The disclosure for this sale can be found here. The Company operates through two segments: Consumer Foods and Commercial Foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

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