Dean Foods Co (DF) PT Raised to $21.00
Dean Foods Co (NYSE:DF) had its target price boosted by investment analysts at BMO Capital Markets from $20.00 to $21.00 in a report released on Wednesday, StockTargetPrices.com reports. BMO Capital Markets’ price target suggests a potential upside of 5.11% from the company’s previous close.
DF has been the subject of several other reports. Jefferies Group began coverage on Dean Foods in a research report on Tuesday, December 15th. They set a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Dean Foods from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 10th. Zacks Investment Research downgraded Dean Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Sanford C. Bernstein lifted their target price on Dean Foods from $18.00 to $21.00 and gave the stock a “market-perform” rating in a research report on Tuesday, November 10th. Finally, Stephens upgraded Dean Foods from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $20.10 to $17.44 in a report on Tuesday, January 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Dean Foods presently has a consensus rating of “Hold” and a consensus target price of $19.44.
Shares of Dean Foods (NYSE:DF) traded up 2.36% during trading on Wednesday, reaching $19.98. The company’s stock had a trading volume of 2,891,499 shares. The firm’s 50-day moving average is $17.93 and its 200-day moving average is $17.71. The stock’s market capitalization is $1.83 billion. Dean Foods has a 12-month low of $14.56 and a 12-month high of $20.00.
Dean Foods (NYSE:DF) last released its earnings results on Monday, November 9th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share. Equities analysts expect that Dean Foods will post $1.22 earnings per share for the current year.
In other news, Director J Wayne Mailloux sold 5,885 shares of the business’s stock in a transaction dated Friday, January 22nd. The stock was sold at an average price of $19.00, for a total transaction of $111,815.00. Following the sale, the director now owns 98,881 shares in the company, valued at $1,878,739. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors have modified their holdings of the company. Northcoast Asset Management acquired a new stake in shares of Dean Foods during the third quarter worth $201,000. California State Teachers Retirement System raised its stake in shares of Dean Foods by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 174,850 shares of the company’s stock worth $2,999,000 after buying an additional 2,819 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Dean Foods during the fourth quarter worth $432,000. DIAM Co. Ltd. raised its stake in shares of Dean Foods by 103.5% in the fourth quarter. DIAM Co. Ltd. now owns 174,560 shares of the company’s stock worth $2,994,000 after buying an additional 88,784 shares during the last quarter. Finally, Russell Frank Co raised its stake in shares of Dean Foods by 80.7% in the fourth quarter. Russell Frank Co now owns 1,091,330 shares of the company’s stock worth $19,276,000 after buying an additional 487,490 shares during the last quarter.
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. It manufactures, markets and distributes a variety of branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, juice, tea, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and Governmental entities across the United States. The Company delivers its products to customer locations in refrigerated trucks or trailers that it owns or leases. Its products are sold on a local or regional basis through local and regional sales forces. The Company operates approximately 68 manufacturing facilities in 32 states located based on customer needs and other market factors, with distribution capabilities across 50 states. Its portfolio of brands include TruMoo, Alta Dena, Berkeley Farms, Country Fresh and Dean’s, among others.

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