Metropolitan Life Insurance Co. NY Buys 23,298 Shares of Dean Foods Co (DF)

Metropolitan Life Insurance Co. NY raised its holdings in Dean Foods Co (NYSE:DF) by 356.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,825 shares of the company’s stock after acquiring an additional 23,298 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Dean Foods were worth $114,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Sigma Planning Corp purchased a new position in shares of Dean Foods in the fourth quarter valued at $44,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Dean Foods in the fourth quarter valued at $45,000. SG Americas Securities LLC increased its position in shares of Dean Foods by 100.9% in the fourth quarter. SG Americas Securities LLC now owns 13,862 shares of the company’s stock valued at $53,000 after buying an additional 1,591,078 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Dean Foods in the third quarter valued at $109,000. Finally, CWM Advisors LLC increased its position in shares of Dean Foods by 42.0% in the fourth quarter. CWM Advisors LLC now owns 21,162 shares of the company’s stock valued at $81,000 after buying an additional 6,254 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

Dean Foods stock opened at $2.12 on Monday. The stock has a market cap of $194.41 million, a P/E ratio of -4.51 and a beta of 0.42. Dean Foods Co has a 52 week low of $2.04 and a 52 week high of $11.14. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.30 and a quick ratio of 0.94.

Dean Foods (NYSE:DF) last posted its quarterly earnings data on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.23). The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Dean Foods had a negative return on equity of 7.87% and a negative net margin of 4.22%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. As a group, sell-side analysts forecast that Dean Foods Co will post -0.39 earnings per share for the current year.

A number of analysts recently commented on the company. Credit Suisse Group set a $3.00 price objective on Dean Foods and gave the stock a “sell” rating in a research report on Thursday, February 28th. BMO Capital Markets dropped their price objective on Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Finally, JPMorgan Chase & Co. upgraded Dean Foods from an “underweight” rating to a “neutral” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.00.

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About Dean Foods

Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.

See Also: Systematic Risk

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

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