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.
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.
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